Morgan Stanley analyst Jeff Adelson raised the firm’s price target on Synchrony to $40 from $37 and keeps an Underweight rating on the shares. Synchrony reported “solid” EPS performance and the delinquency “stabilization story continues,” but the firm stay Underweight as it is still concerned about risk of late fee cap, credit expectations, and slower spending growth in 2025, the analyst tells investors in a post-earnings note.
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