Ally Financial price target raised to $34 from $32 at Wells Fargo

Wells Fargo analyst Donald Fandetti raised the firm’s price target on Ally Financial (ALLY) to $34 from $32 and keeps an Underweight rating on the shares. The firm notes the company restated results for an EV accounting change, creating noise in Q4. Auto credit performance improved, helping the 2025 NCO outlook beat. From a stock standpoint, higher rates remain a headwind, Wells adds.