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RBC Capital Maintains Their Buy Rating on Synchrony Financial (SYF)

In a report issued on July 18, Jon Arfstrom from RBC Capital maintained a Buy rating on Synchrony Financial (SYFResearch Report), with a price target of $38.00. The company’s shares closed last Wednesday at $33.30.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.6% and a 56.7% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.

Currently, the analyst consensus on Synchrony Financial is a Moderate Buy with an average price target of $40.50, a 23.7% upside from current levels. In a report issued on July 11, Barclays also maintained a Buy rating on the stock with a $49.00 price target.

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The company has a one-year high of $52.49 and a one-year low of $27.22. Currently, Synchrony Financial has an average volume of 6.96M.

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

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