BMO Capital downgraded Ally Financial to Market Perform from Outperform with a $36 price target. Shares have outperformed recently in anticipation of earnings benefits from Fed rate cuts, but the firm worries that slowing loan growth and rising credit costs will partially offset higher NIM, the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ALLY:
- Ally Financial downgraded to Underperform from Market Perform at Raymond James
- Ally Financial put volume heavy and directionally bearish
- Ally Financial price target raised to $35 from $27 at JPMorgan
- Evercore ups Ally target, removes ‘Tactical Outperform’ on shares
- Ally Financial price target raised to $43 from $32 at Barclays