Ally Financial price target raised to $51 from $47 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Ally Financial to $51 from $47 and keeps a Buy rating on the shares. The shares closed up 11% Friday on mostly in-line Q4 results as the market got positive guidance on the net interest margin outlook, which is central to the bull thesis, the analyst tells investors in a research note. The firm says Ally management continues to expect that the NIM should reach 4% by the end of 2025 if rates are unchanged, but indicated it could get to 4% by mid-2025 if the forward curve is realized, well ahead of current consensus.