Synchrony price target lowered to $44 from $45 at Citi

Citi analyst Arren Cyganovich lowered the firm’s price target on Synchrony to $44 from $45 but keeps a Buy rating on the shares. The company’s Q1 results were "mixed" with better credit quality but also lower net interest income that was partially offset by lower expenses, the analyst tells investors in a research note. The firm adds that the management’s commentary about the health of its consumer base also remains constructive and aligns with a generally healthy U.S. employment picture.