BofA/Merrill Lynch Upgrades Ally Financial (ALLY) to Buy

BofA/Merrill Lynch upgraded Ally Financial (NYSE: ALLY) from Neutral to Buy with a price target of $26.00 citing an attractive entry point with the firm's price target representing 30% upside.

Analyst Kenneth Bruce said with several quarters of solid execution and fewer negative overhangs, they view the current price as a buying opportunity.

For an analyst ratings summary and ratings history on Ally Financial click here. For more ratings news on Ally Financial click here.

Shares of Ally Financial closed at $19.73 yesterday.

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