BofA analyst Brandon Berman upgraded Ally Financial to Buy from Neutral with a price target of $46, up from $42. Shares are up 10% year-to-date on the liability-sensitive rate theme, but the firm sees further potential upside, the analyst tells investors. The firm does not believe the $6 medium-term EPS target set by management represents a ceiling, noting that it forecasts EPS of $6.18 for FY25, the analyst added.
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