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SYF

Synchrony

$34.93

0.33 (0.95%)

16:17
05/17/18
05/17
16:17
05/17/18
16:17

Synchrony raises quarterly dividend to 21c from 15c per share

Synchrony Financial announced that its board intends to increase the quarterly cash dividend from $0.15 to $0.21 per share of common stock, commencing the third quarter of 2018

  • 30

    May

SYF Synchrony
$34.93

0.33 (0.95%)

04/05/18
SBSH
04/05/18
INITIATION
Target $37
SBSH
Neutral
Synchrony initiated with a Neutral at Citi
Citi analyst Jill Shea started Synchrony Financial with a Neutral rating and $37 price target.
04/05/18
04/05/18
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. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/18
RBCM
04/17/18
INITIATION
Target $45
RBCM
Outperform
Synchrony initiated with an Outperform at RBC Capital
RBC Capital analyst Jason Arnold initiated Synchrony with an Outperform rating and a price target of $45. Arnold says the company is "poised for solid growth" based on his outlook for opportunity in the private label card space as well as the positive trends in the online/mobile spending category. Given the expected return on equity, the analyst believes that Synchrony's valuation of 9.7-times expected FY18 earnings is modest, forecasting a "more fair value" of 12-times with his price target.
05/02/18
JEFF
05/02/18
NO CHANGE
Target $50
JEFF
Buy
Synchrony remains a top pick among card issuers at Jefferies
After spending time with management, Jefferies analyst John Hecht says Synchrony Financial remains a top pick among his coverage of card issuers. Synchrony's "high touch, high value add and enhanced capabilities" position it well into contract renewals. The company has two large retail contracts with terms extending to next year, by which time they need to be renewed, Hecht tells investors in a research note. He believes Synchrony is difficult to replace for a retail partner and keeps a Buy rating on the shares with a $50 price target.

TODAY'S FREE FLY STORIES

15:10
08/21/18
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15:10
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15:10
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

PSTG

Pure Storage

$22.00

0.2 (0.92%)

15:04
08/21/18
08/21
15:04
08/21/18
15:04
Options
Pure Storage options imply 10.8% move in share price post-earnings, above median historical move »

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CASY

Casey's General Stores

$116.05

1.33 (1.16%)

15:01
08/21/18
08/21
15:01
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15:01
Conference/Events
Casey's General Stores management to meet with Jefferies »

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RIGL

Rigel Pharmaceuticals

$2.67

0.08 (3.09%)

15:00
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08/21
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EA

Electronic Arts

$127.21

-0.47 (-0.37%)

15:00
08/21/18
08/21
15:00
08/21/18
15:00
Options
Electronic Arts attracts a bullish option play »

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URBN

Urban Outfitters

$47.40

-0.12 (-0.25%)

14:49
08/21/18
08/21
14:49
08/21/18
14:49
Options
Urban Outfitters options imply 12.9% move in share price post-earnings, above median historical move »

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  • 21

    Aug

SFIX

Stitch Fix

$34.77

1.92 (5.84%)

14:45
08/21/18
08/21
14:45
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14:45
Options
Stitch Fix call volume above normal and directionally bullish »

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  • 21

    Aug

  • 01

    Oct

ATVI

Activision Blizzard

$69.63

0.7 (1.02%)

14:40
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08/21
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Periodicals
Breaking Periodicals news story on Activision Blizzard »

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  • 21

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    Sep

NURO

NeuroMetrix

$1.26

0.04 (3.28%)

, GSK

GlaxoSmithKline

$41.57

0.25 (0.61%)

14:32
08/21/18
08/21
14:32
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14:32
Hot Stocks
NeuroMetrix receives $3.8M milestone payment under its pact with GSK »

NeuroMetrix (NURO)…

NURO

NeuroMetrix

$1.26

0.04 (3.28%)

GSK

GlaxoSmithKline

$41.57

0.25 (0.61%)

03/08/13
Wedge Partners
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Credit Suisse
03/06/13
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  • 25

    Aug

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08/21
14:30
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General news
Canada Retail Sales Preview »

Canada Retail Sales…

14:25
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14:25
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General news
Treasury Option Action: more bond positioning »

Treasury Option Action:…

MDT

Medtronic

$95.02

4.96 (5.51%)

14:20
08/21/18
08/21
14:20
08/21/18
14:20
Recommendations
Medtronic analyst commentary  »

Medtronic momentum…

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  • 21

    Aug

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    Sep

MS

Morgan Stanley

$48.75

0.48 (0.99%)

14:20
08/21/18
08/21
14:20
08/21/18
14:20
Options
Mega option block in Morgan Stanley »

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  • 12

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/21/18
08/21
14:17
08/21/18
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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RIGL

Rigel Pharmaceuticals

$2.65

0.06 (2.32%)

14:16
08/21/18
08/21
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14:16
Hot Stocks
Rigel CEO says impact of any Trump policy still unclear »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/21/18
08/21
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Technical Analysis
NYSE market internals summary »

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NFLX

Netflix

$339.67

11.92 (3.64%)

, AAPL

Apple

$216.73

1.25 (0.58%)

14:07
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08/21
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Periodicals
Netflix testing how to bypass iTunes billing in 33 countries, TechCrunch says »

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NFLX

Netflix

$339.67

11.92 (3.64%)

AAPL

Apple

$216.73

1.25 (0.58%)

03/08/13
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  • 21

    Aug

UAL

United Continental

$86.00

0.765 (0.90%)

14:06
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Periodicals
United's Kirby sees average airfares improving, Bloomberg reports »

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  • 06

    Sep

APO

Apollo Global

$34.44

0.22 (0.64%)

, BX

Blackstone

$36.48

-0.32 (-0.87%)

14:04
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Periodicals
PE firms eyeing acquisitions of local TV assets, CNBC reports »

Apollo Global (APO),…

APO

Apollo Global

$34.44

0.22 (0.64%)

BX

Blackstone

$36.48

-0.32 (-0.87%)

NXST

Nexstar

$80.25

1.05 (1.33%)

TRCO

Tribune Media

$35.98

0.91 (2.59%)

SBGI

Sinclair Broadcast

$29.30

0.55 (1.91%)

03/08/13
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  • 05

    Sep

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    Sep

UAL

United Continental

$86.32

1.085 (1.27%)

14:00
08/21/18
08/21
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14:00
Options
Heavy call activity in UAL as shares take off »

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  • 06

    Sep

RIGL

Rigel Pharmaceuticals

$2.66

0.07 (2.70%)

13:52
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Rigel's Rodriguez says physician response to Tavalisse 'very positive' »

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JCI

Johnson Controls

$39.84

1.11 (2.87%)

13:50
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08/21
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13:50
Options
Notable call spread in Johnson Controls as shares rally »

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SPY

SPDR S&P 500 ETF Trust

$287.20

1.52 (0.53%)

, SPX

S&P 500

$0.00

(0.00%)

13:46
08/21/18
08/21
13:46
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13:46
Periodicals
Michael Cohen enters plea deal with federal prosecutors, ABC News says »

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SPY

SPDR S&P 500 ETF Trust

$287.20

1.52 (0.53%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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GME

GameStop

$16.35

0.5 (3.15%)

13:45
08/21/18
08/21
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08/21/18
13:45
Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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13:40
08/21/18
08/21
13:40
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13:40
General news
FOMC minutes preview: »

FOMC minutes preview: the…

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