WS #15726
The financial sector is facing renewed pressure from Wall Street analysts, with Morgan Stanley downgrading Ally Financial to Equal-Weight and lowering targets for Capital One and American Express. TD Cowen also cut targets for Carlyle Group and Federated Hermes. These moves reflect growing caution regarding credit quality and consumer spending resilience in a high-interest-rate, high-inflation environment driven by energy costs.
Financial Sector Analyst Downgrades
The financial sector is facing renewed pressure from Wall Street analysts, with Morgan Stanley downgrading Ally Financial to Equal-Weight and lowering targets for Capital One and American Express. TD Cowen also cut targets for Carlyle Group and Federated Hermes. These moves reflect growing caution regarding credit quality and consumer spending resilience in a high-interest-rate, high-inflation environment driven by energy costs.