Morgan Stanley Maintains Overweight on Ally Financial, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Ally Financial but has lowered the price target from $45 to $41.
October 21, 2024 | 12:41 pm
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NEUTRAL IMPACT
Morgan Stanley has kept an Overweight rating on Ally Financial, indicating continued confidence in the stock, but has reduced the price target from $45 to $41, suggesting a more conservative outlook.
The Overweight rating suggests Morgan Stanley still sees potential in Ally Financial, but the lowered price target indicates a tempered expectation for growth. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100