Truist analyst Brian Foran raised the firm’s price target on Synchrony (SYF) to $77 from $72 and keeps a Buy rating on the shares. The firm is updating its model after the company’s Q4 earnings beat while also citing its improved expense and credit outlook as well as a slightly lower RSA / average loans ratio guided, the analyst tells investors in a research note.
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Read More on SYF:
- Synchrony Financial Reports Robust Growth Amid Credit Challenges
- Synchrony price target raised to $80 from $75 at TD Cowen
- Synchrony price target raised to $73 from $70 at RBC Capital
- Synchrony downgraded to Neutral from Buy at Compass Point yesterday
- Synchrony price target raised to $80 from $76 at Baird