Ally Financial price target raised to $40 from $35 at Jefferies

Jefferies raised the firm’s price target on Ally Financial (ALLY) to $40 from $35 and keeps a Hold rating on the shares after Q4 EPS came in better than expected, driven by higher revenue and lower provision, noting that the company’s credit card book sale is likely to close in Q2 of FY25 and is incorporated in FY25 pro forma guidance.