Citi added an “upside 90-day short-term view” on Ally Financial (ALLY) as the firm sees upside potential given recent concerns on readthrough from CarMax (KMX) earnings that it argues look “overdone.” The firm, which lays out several reasons that it believes Ally’s performance on retail auto loan growth and improving credit trends will be “distinctly different” from CarMax, keeps a Buy rating and $70 price target on Ally shares.
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