How Will Ally Financial (ALLY) Stock Be Affected Today by This Analyst Initiation?

NEW YORK (TheStreet) -- Shares of Ally Financial Inc. (ALLY) are down 1.86% to $23.18 in pre-market trading after the company was initiated with an "outperform" rating at Wells Fargo.

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.

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ALLY Chart ALLY data by YCharts

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