These Analysts Revise Their Forecasts On Ally Financial After Q3 Results

Benzinga Earnings10-21

Ally Financial Inc (NYSE:ALLY) reported mixed results for the third quarter on Tuesday.

The company posted quarterly earnings of $1.34 per share which missed the analyst consensus estimate of $1.35 per share. The company reported quarterly sales of $2.346 billion which beat the analyst consensus estimate of $2.303 billion.

Ally Financial shares rose 1.8% to trade at $38.64 on Wednesday.

These analysts made changes to their price targets on Ally Financial following earnings announcement.

  • Barclays analyst Jason Goldberg maintained the stock with an Equal-Weight rating and lowered the price target from $56 to $48.
  • TD Cowen analyst Moshe Orenbuch maintained the stock with a Buy and cut the price target from $54 to $52.
  • Evercore ISI Group analyst John Pancari downgraded the stock from Outperform to In-Line and slashed the price target from $44 to $40.
  • JP Morgan analyst Richard Shane maintained the stock with an Overweight rating and raised the price target from $43 to $44.

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