Wells Fargo analyst Donald Fandetti raised the firm’s price target on Ally Financial (ALLY) to $37 from $32 and keeps an Underweight rating on the shares. The firm notes the quarter was overall “solid,” but sees better relative value in other consumer finance stocks, the analyst tells investors.
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Read More on ALLY:
- Morning Movers: 3M and Charles Schwab tick higher following quarterly results
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- Ally Financial reports Q2 adjusted EPS 99c, consensus 80c
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- Ally Financial price target raised to $45 from $40 at RBC Capital