Jefferies raised the firm’s price target on Synchrony to $65 from $60 and keeps a Buy rating on the shares. Q3 EPS of $1.94 beat consensus on net interest income and margin strength, says the analyst, who notes that the company’s new FY24 EPS guidance of $8.45-8.55, or $6.49-6.59 excluding the Pets Best gain, assumes no late fee rule in 2024, versus a prior view of $7.60-7.80 with an October 1 implementation forecast.
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