Credit Suisse upgraded Ally Financial (NYSE: ALLY) from Neutral to Outperform with a price target of $27.00 (from $25.00) on better loan growth and capital returns.

Analyst M. Orenbuch commented, "We increase our '16 estimates from $2.18 to $2.30 and our '17 estimate from $2.52 to $2.64 and we increase our PT from $25 to $27, which represents 9.5x core '17 EPS ex-$2/shr for the DTA, 1.0x 2Q16 GAAP book value of ~$27/shr and a 2017 adjusted core EPS estimate of $2.64 (which represents a forward ROE of about 10% on 2Q16 GAAP book value)."

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Shares of Ally Financial closed at $22.47 yesterday.