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UPDATE: Keefe, Bruyette & Woods Initiates Coverage On Ally Financial On Multiple Positive Factors

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In a report published Tuesday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani initiated coverage on Ally Financial (NYSE: ALLY) with an Outperform rating and $30.00 price target.

In the report, Keefe, Bruyette & Woods noted, “We are initiating coverage of Ally with an Outperform rating and a 12-month price target of $30. Ally represents an opportunity for investors who want exposure to a restructuring story with stated goals for management to execute upon to mark progress. Additionally, at current valuation levels, we believe there are areas of low-hanging fruit as well as capital management activities that present meaningful upside potential.”

Ally Financial closed on Monday at $24.45.

Latest Ratings for ALLY

DateFirmActionFromTo
Oct 2019MaintainsBuy
Oct 2019DowngradesOverweightNeutral
Sep 2019MaintainsOverweight

View More Analyst Ratings for ALLY
View the Latest Analyst Ratings

Posted-In: Keefe Bruyette & Woods Sanjay SakhraniAnalyst Color Initiation Analyst Ratings

 

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