Wells Fargo analyst Donald Fandetti raised the firm’s price target on Synchrony to $60 from $53 and keeps an Equal Weight rating on the shares. Tone on low-end consumer pressure was encouraging, in the firm’s view. Wells believes 2025 NCOs will be slightly lower vs. 2024, though still plenty of debate given roll rates/macro. Stock is an election play around CFPB late fee probability, the firm adds.
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