RBC Capital analyst Jon Arfstrom raised the firm’s price target on Synchrony to $62 from $55 and keeps a Sector Perform rating on the shares. The firm cites the company’s Q3 earnings beat, noting that its fundamentals were solid with, core performance meeting expectations, the analyst tells investors in a research note. RBC added that the credit trends at Synchrony are stabilizing, while normalizing growth reflects the company’s credit discipline and the environment.
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