Ally Financial (ALLY) Receives Price Target

Ally Financial (ALLY) : The most positive equity analysts on Ally Financial (ALLY) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $23.64 with an expected fluctuation of $3.47 from the mean.

Ally Financial (ALLY) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Ally Financial (NYSE:ALLY): The stock opened at $20.06 on Thursday but the bulls could not build on the opening and the stock topped out at $20.14 for the day. The stock traded down to $19.44 during the day, due to lack of any buying support eventually closed down at $19.58 with a loss of -2.30% for the day. The stock had closed at $20.04 on the previous day. The total traded volume was 3,760,965 shares.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.

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