BofA Securities analyst Brandon Berman upgraded Ally Financial Inc. (NYSE:ALLY) to Buy from Neutral and raised the price target to $46 from $42. The analyst expected the recent balance sheet initiatives to help reduce future earnings volatility.  Berman saw limited risk to net interest income (NII) estimates if the Fed doesn’t cut rates in FY24 and the benefit from rate cuts to have a muted impact on net interest margin (NIM) in FY24. The analyst ...