The firm says it increased the independent, diversified, financial services company's ratings because it has competitive advantages and can generate solid returns.
Well Fargo set a price target range of $27 to $28 for Ally.
U.S. auto lending has surged in recent years to a record $1.1 trillion, partly fueled by low interest rates and low downpayment requirements. Now delinquencies are starting to rise.
Left-leaning lawmakers argued that Clayton will need to recuse himself from a wide variety of enforcement actions because of his background as a long-time M&A lawyer at Sullivan & Cromwell.