Synchrony price target raised to $42 from $39 at JMP Securities

JMP Securities analyst David Scharf raised the firm’s price target on Synchrony to $42 from $39 and keeps an Outperform rating on the shares after its Q4 earnings beat. While uncertainties relating to the macro outlook and consumer health are expected to persist throughout the first half of 2023, the firm continues to view the stock as one of the more resilient and well-diversified consumer lenders in its coverage, the analyst tells investors in a research note.