TD Cowen raised the firm’s price target on Ally Financial to $39 from $36 and keeps a Market Perform rating on the shares. The firm noted they reported earings which they view as positive as investors were pleased with the 2024 retail auto credit losses guidance of 1.90% as well as expenses up less than1%, even though the guidance on NIM was likely somewhat below expectations.
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 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
