Wells Fargo raised the firm’s price target on Ally Financial to $29 from $26 and keeps an Underweight rating on the shares following quarterly results. While the price-to-earnings multiple is low, the firm believes it is warranted and reflects uncertainty around earnings for auto lending and deposit costs.
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:
- Ally Financial Reports Earnings: Did it Beat Estimate Forecasts?
- Unusually active option classes on open January 19th
- Synchrony and Ally Financial Reach Agreement on Sale of Ally’s Point-of-Sale Financing Business
- Synchrony to acquire Ally Financial’s point of sale financing business
- Ally Financial reports fourth quarter and full year 2023 financial results
