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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%)

11/08/16
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.
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.
11/18/16
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
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.

TODAY'S FREE FLY STORIES

MA

MasterCard

$110.74

1.3 (1.19%)

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VALE

Vale

$10.75

-0.49 (-4.36%)

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SATS

EchoStar

$55.24

-0.29 (-0.52%)

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FLS

Flowserve

$46.78

-1.87 (-3.84%)

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VALE

Vale

$10.75

-0.49 (-4.36%)

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ZYNE

Zynerba

$22.10

0.27 (1.24%)

07:59
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Initiation
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  • 21

    Mar

NGVT

Ingevity

$54.35

-2.06 (-3.65%)

07:58
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Ingevity analyst commentary  »

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USM

U.S. Cellular

$44.84

-0.37 (-0.82%)

07:58
02/24/17
02/24
07:58
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07:58
Earnings
U.S. Cellular sees FY17 revenue $3.8B-$4B, consensus $4.05B »

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  • 24

    Feb

BSX

Boston Scientific

$24.48

-0.68 (-2.70%)

07:57
02/24/17
02/24
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Recommendations
Boston Scientific analyst commentary  »

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  • 27

    Feb

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USM

U.S. Cellular

$44.84

-0.37 (-0.82%)

07:57
02/24/17
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07:57
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07:57
Earnings
U.S. Cellular reports Q4 EPS (7c), consensus (25c) »

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  • 24

    Feb

BMY

Bristol-Myers

$55.77

0.42 (0.76%)

07:57
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Hot Stocks
Bristol-Myers' Abatacept designated as orphan treatment of IIM »

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  • 02

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TDS

Telephone and Data

$32.72

-0.03 (-0.09%)

07:56
02/24/17
02/24
07:56
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Earnings
Telephone and Data sees FY17 revenue $5.015B-$5.265B, consensus $5.29B »

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  • 24

    Feb

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    Mar

JNJ

Johnson & Johnson

$120.90

2.18 (1.84%)

07:55
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  • 24

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NVRO

Nevro

$94.25

-2.26 (-2.34%)

07:55
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Nevro analyst commentary  »

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RSPP

RSP Permian

$40.36

-0.55 (-1.34%)

07:55
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Conference/Events
RSP Permian to hold a special shareholder meeting »

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  • 24

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ETN

Eaton

$72.12

-0.38 (-0.52%)

07:55
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Conference/Events
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  • 24

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TDS

Telephone and Data

$32.72

-0.03 (-0.09%)

07:54
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Earnings
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TDS

Telephone and Data

$32.72

-0.03 (-0.09%)

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Telephone and Data raises quarterly dividend to 15.5c per share »

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  • 24

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TERP

TerraForm Power

$11.40

-0.16 (-1.38%)

07:51
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Earnings
TerraForm Power reports Q3 EPS (29c), consensus (16c) »

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SHOO

Steven Madden

07:50
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Steven Madden analyst commentary  »

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  • 28

    Feb

PEG

PSEG

$44.25

-0.02 (-0.05%)

07:49
02/24/17
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Earnings
PSEG reports Q4 adjusted EPS 54c, consensus 53c »

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AAPL

Apple

$136.53

-0.58 (-0.42%)

07:49
02/24/17
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07:49
Recommendations
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  • 13

    Mar

SPLK

Splunk

$64.90

-0.08 (-0.12%)

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  • 27

    Feb

PSO

Pearson

$8.10

0.22 (2.79%)

07:48
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PSO

Pearson

$8.10

0.22 (2.79%)

07:47
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Earnings
Pearson backs 2017 outlook, says early trading in line with expectations »

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