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Morgan Stanley Reiterates Overweight Rating, Lowers Price Target On Ally Financial On Longer Path To Double-Digit ROE

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In a report published Friday, Morgan Stanley analyst Cheryl M. Pate reiterated an Overweight rating on Ally Financial Inc (NYSE: ALLY), but lowered the price target from $30.00 to $27.00.

In the report, Morgan Stanley noted, “With expected loss of a large portion of lease volume, expect longer trajectory to sustainable double digit ROTCE as Ally focuses on taking share in used & non-GM/Chrysler lending. Upside could come from proactive liability mgmt. We lower PT $3 to $27, remain OW.”

Ally Financial closed on Thursday at $19.58.

Latest Ratings for ALLY

DateFirmActionFromTo
Oct 2019MaintainsBuy
Oct 2019DowngradesOverweightNeutral
Sep 2019MaintainsOverweight

View More Analyst Ratings for ALLY
View the Latest Analyst Ratings

Posted-In: Cheryl M. Pate Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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