BofA analyst Mihir Bhatia raised the firm’s price target on Synchrony to $44 from $43 and keeps a Neutral rating on the shares after the company reported adjusted EPS that slightly beat the firm’s estimate, driven by lower RSAs, partially offset by higher interest expense and reserves. While Q1 results are positive, near-term uncertainty around impacts from lower late fees remain, the analyst tells investors in a post-earnings note.
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