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.
You are going to have to defend your book, if you have not already.
The central bank exempted mid-sized companies from the "qualitative" part of stress tests that determine whether the companies can pay dividends and buy back stock in the coming year.
Here are Thursday's top research calls, including upgrades for Panera Bread and Tesla Motors, and downgrades for Target and U.S. Steel.