As previously reported, Wells Fargo upgraded Ally Financial (ALLY) to Overweight from Equal Weight with a price target of $52, up from $45. The firm believes the foundation is now set for Ally to get closer to long-term return targets. Looking towards 2026, Wells sees further auto credit improvement, net interest margin expansion and buybacks. The next leg of the stool is reserve release, which the firm expects in 2026.
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Read More on ALLY:
- Ally Financial upgraded to Overweight from Equal Weight at Wells Fargo
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