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Despite the share drop, positive earnings expectations and targeted upgrades bode well for ALLY.
What happened, with direct paths to the underlying reporting
ALLY set to announce Q3 earnings on Oct. 17, projected $1.01 EPS. Consensus revenue estimate is $2.11 billion, slightly above last year. ALLY shares fell 3.2% to $38.45 before earnings announcement. Several analysts have adjusted price targets, some upwardly. Citigroup shows strong confidence with increased price target to $70.
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