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Wolfe Research Downgrades Ally Financial (ALLY) to Peerperform, 'Rotating into DFS'
August 24, 2023 2:25 AM EDT(Updated - August 24, 2023 5:11 AM EDT)
Wolfe Research analyst Bill Carcache downgraded Ally Financial (NYSE: ALLY) from Outperform to Peerperform.
The analyst comments "We previously assumed ALLYs NIM would benefit in a recession but now see a greater likelihood of higher-for-longer... More
