TD Cowen analyst Moshe Orenbuch upgraded Ally Financial (ALLY) to Buy from Hold with a price target of $50, up from $43. The company’s Q3 results prove its credit and margins can drive a 14% return on tangible common equity in 2027 and support above consensus earnings over the next two years, the analyst tells investors in a research note. TD believes Ally has shown it has sufficient credit and margin strength to hit its mid-teens ROTCE target in the next two years and perhaps sooner.
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