Keefe Bruyette lowered the firm’s price target on Ally Financial to $44 from $50 and keeps an Outperform rating on the shares. The stock dropped 17% last week week on the heels of a second revision for the year to credit guidance at a conference with the second one coming two months after the first revision, the analyst tells investors in a research note. The firm cut estimates but recommends buying Ally post the pullback.
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