BofA raised the firm’s price target on Ally Financial to $33 from $28 and keeps a Neutral rating on the shares. The firm believes that the increased expectations for Fed rate cuts should drive bank stocks higher.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ALLY:
- Morgan Stanley ups North American Consumer Finance view, changes 3 ratings
- Morgan Stanley gets more bullish on Ally Financial, upgrades shares
- Ally Financial put volume heavy and directionally bearish
- Ally Financial: Story for 2024, beyond ‘very much unchanged’
- Ally Financial sees Q4 NIM ‘a shade under’ 3.20%