Evercore ISI upgraded Ally Financial (ALLY) to Outperform from In Line with a price target of $53, up from $48. Ally is the firm’s top value pick within the specialty finance space as Evercore sees material upside to shares as the company’s ROTCE re-rating story begins to take shape, the analyst tells investors.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALLY:
- Ally Financial price target raised to $55 from $50 at Goldman Sachs
- Ally Financial put volume heavy and directionally bearish
- Ally Financial price target raised to $54 from $44 at Barclays
- Ally Financial price target raised to $51 from $47 at Truist
- Wells Fargo upgrades Ally Financial to Overweight, raises target to $52