Ally Financial Stock Upgraded Ahead of Earnings

Ally Financial Inc (NYSE:ALLY) stock is enjoying a boost today, after BofA Global Research upgraded the financial services name to "buy" from "hold," with a price-target hike to $46 from $42. The firm sees the potential for better-than-expected earnings and noted its potential credit leverage may be underestimated. At last look, ALLY was up 1.2% at $39.05. There is plenty of room for further upgrades, especially if Ally Financial's April 18 earnings report indeed turns out better than estimated. Of the 20 b ...