Keefe Bruyette raised the firm’s price target on Ally Financial to $50 from $48 and keeps an Outperform rating on the shares. The analyst increased estimates following the company’s “good” Q2 results. The firm attributes the corresponding stock weakness to high expectations into the print.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALLY:
- Ally Financial reports second quarter 2024 financial results
- Options Volatility and Implied Earnings Moves Today, July 17, 2024
- Ally Financial declares dividend on common stock and Series B and Series C preferred stock
- Options Volatility and Implied Earnings Moves This Week, July 15 – July 19, 2024
- Ally Financial (ALLY) Q2 Earnings Cheat Sheet