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Research analysts at Bank of America began coverage on shares of Ally Financial (NYSE:ALLY) in a report released on Tuesday. The firm set a “neutral” rating and a $26.00 price target on the stock. Bank of America’s price target would indicate a potential upside of 6.34% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Evercore Partners initiated coverage on shares of Ally Financial in a research note on Tuesday. They set an “equal weight” rating and a $26.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Ally Financial in a research note on Tuesday. They set a “neutral” rating and a $27.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Ally Financial in a research note on Tuesday. They set a “hold” rating and a $26.00 price target on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.92.

Ally Financial (NYSE:ALLY) traded down 0.57% during mid-day trading on Tuesday, hitting $24.31. 597,168 shares of the company’s stock traded hands. Ally Financial has a one year low of $23.76 and a one year high of $27.9032. The stock’s 50-day moving average is $26.92 and its 200-day moving average is $26.62. The company’s market cap is $11.664 billion.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, May 1st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.09. On average, analysts predict that Ally Financial will post $1.69 earnings per share for the current fiscal year.

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