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

Citi analyst Arren Cyganovich raised the firm’s price target on Synchrony to $45 from $44 and keeps a Buy rating on the shares. The analyst says the company’s Q4 results and outlook strengthened the firm’s view of the shares being undervalued. Citi feels good about Synchrony’s positioning heading into a potential recession.