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SYF

Synchrony

$34.00

0.38 (1.13%)

10:40
11/22/16
11/22
10:40
11/22/16
10:40

Sizable spread in Synchrony Financial as a bullish play is adjusted

Sizable spread in Synchrony Financial as a bullish play is adjusted. 23.7K Dec 32 calls sold at $2.32 to buy 35.6K Jan 34 calls for $1.67. The Jan 34 calls open and the Dec 32s likely close a position opened 11/11 when 12K traded for $1.10 and 7.5K for $1.50. 23.5K were opened total, with shares near $32.40, at that time. The stock is up 34c to $33.96 and 52-week highs today.

SYF Synchrony
$34.00

0.38 (1.13%)

11/18/16
11/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cisco (CSCO) coverage resumed with a Hold at Stifel. 2. UPS (UPS) was initiated with an Outperform at BMO Capital while the firm initiated FedEx (FDX) with a Market Perform. 3. Synchrony (SYF) was initiated with an Overweight at Stephens. The firm also initiated American Express (AXP) and Discover (DFS) with an Underweight. 4. American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and Allegiant Travel (ALGT) were initiated with a Buy at Citi while the firm initiated JetBlue (JBLU), United Continental (UAL), Alaska Air (ALK), and Hawaiian Holdings (HA) with a Neutral. 5. Juniper (JNPR) coverage resumed at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/16
11/18/16
INITIATION
Target $40

Overweight
Synchrony initiated with an Overweight at Stephens
As previously reported, Stephens analyst Vincent Caintic started Synchrony (SYF) with an Overweight rating and $40 price target, citing $5B excess capital that allows Synchrony to buy back 20% of company once capital return is deregulated, industry retail share weakness, and revenue growth. The analyst also started American Express (AXP) and Discover (DFS) with an Underweight rating.
11/18/16
SPHN
11/18/16
INITIATION
Target $40
SPHN
Overweight
Synchrony initiated with an Overweight at Stephens
Stephens analyst Vincent Caintic started Synchrony with an Overweight rating and $40 price target.
11/08/16
MSCO
11/08/16
NO CHANGE
Target $33
MSCO
Overweight
Synchrony is a top pick with upside to $33, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said Outperform rated Synchrony is a top pick with upside to $33 given 14% earnings growth in 2017, low valuation, and lower RSAs that reduce credit related earnings volatility.

TODAY'S FREE FLY STORIES

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BioMarin

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-1.12 (-1.34%)

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ZGNX

Zogenix

$13.05

0.35 (2.76%)

ZYNE

Zynerba

$13.64

0.83 (6.48%)

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WMT

Wal-Mart

$70.88

0.21 (0.30%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

ALIOF

Actelion

$206.01

15.21 (7.97%)

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CE

Celanese

$79.10

0.3 (0.38%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, GMED

Globus Medical

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0.12 (0.55%)

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HomeStreet

$29.35

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GMED

Globus Medical

$21.89

0.12 (0.55%)

BGS

B&G Foods

$42.50

0.2 (0.47%)

ZEN

Zendesk

$21.17

0.34 (1.63%)

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ZEN

Zendesk

$21.17

0.34 (1.63%)

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  • 08

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:42
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Periodicals
President Obama blocks China's Fujian from acquiring Aixtron, CNBC reports »

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CX

CEMEX

$7.83

0.09 (1.16%)

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

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  • 06

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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NEOG

Neogen

$61.59

-1.46 (-2.32%)

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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HomeStreet

$29.35

-0.2 (-0.68%)

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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GMED

Globus Medical

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Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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Periodicals
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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

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    Jan

ALB

Albemarle

$84.86

-0.79 (-0.92%)

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FOR

Forestar Group

$13.40

0.2 (1.52%)

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FANG

Diamondback Energy

$108.14

-1.86 (-1.69%)

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OSIR

Osiris

$5.68

0.06 (1.07%)

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