Morgan Stanley lowered the firm’s price target on Ally Financial to $23 from $24 and keeps an Underweight rating on the shares. Net interest margin, or NIM, remains under pressure and firm is lowering its forecasts following Ally’s Q3 report.
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 price target lowered to $35 from $37 at Citi
- Ally Financial Earnings Report: Did it Beat Expectations?
- Ally Financial sees FY23 NIM above 3.3% vs. prior view of 3.4%
- Ally Financial announces workforce reduction to save $80M annually
- Ally Financial reports third quarter 2023 financial results