#Latest news with #DonaldFandettiBusiness Insider3 days agoBusinessBusiness InsiderWells Fargo remains underweight on Ally Financial following CEO presentationWells Fargo analyst Donald Fandetti maintained an Underweight rating and $32 price target on Ally Financial (ALLY) following a presentation with CEO Michael Rhodes. The firm noted that it was a 'positive' update on Q2 NIM, but with no new specifics on Q2 auto credit. Wells added that it sees 'better value and positive stock catalysts for other consumer finance stocks,' noting that 'Ally's share buybacks remain on hold and higher rates are thematically a relative headwind.' Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Business Insider3 days agoBusinessBusiness InsiderWells Fargo remains underweight on Ally Financial following CEO presentationWells Fargo analyst Donald Fandetti maintained an Underweight rating and $32 price target on Ally Financial (ALLY) following a presentation with CEO Michael Rhodes. The firm noted that it was a 'positive' update on Q2 NIM, but with no new specifics on Q2 auto credit. Wells added that it sees 'better value and positive stock catalysts for other consumer finance stocks,' noting that 'Ally's share buybacks remain on hold and higher rates are thematically a relative headwind.' Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
3 days ago
