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SYF

Synchrony

$30.78

0.34 (1.12%)

05:30
02/14/19
02/14
05:30
02/14/19
05:30

Synchrony upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Ryan Nash upgraded Synchrony Financial to Buy and raised his price target for the shares to $38 from $36. With shares trading at a discount to peers due to credit-related concerns, the current valuation is "compelling," Nash tells investors in a research note. Synchrony shares should outperform now that the contract renewal overhangs have been largely removed post the renewals of four of its five largest partners to 2024 and beyond, the analyst contends. Further, he believes Synchrony's credit normalization has largely subsided with flat underlying losses in 2019 and upside to 2020 consensus losses. In addition, a "robust" capital return program could drive $5B of repurchases over the next six quarters, says Nash.

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SYF Synchrony
$30.78

0.34 (1.12%)

01/30/19
BOFA
01/30/19
UPGRADE
BOFA
Buy
Synchrony upgraded to Buy from Neutral at BofA/Merrill
01/30/19
01/30/19
UPGRADE
Target $37

Buy
BofA upgrades Synchrony to Buy with many key risks seen as removed
As previously reported, BofA Merrill Lynch analyst Kenneth Bruce upgraded Synchrony (SYF) to Buy from Neutral, stating that the company's renewal of the Sam's Club partnership, the sale of the Walmart (WMT) portfolio to Capital One (COF) and Walmart's dismissal of the lawsuit against Synchrony "substantially remove many of the key risks" that had been facing the company. While Synchrony shares rose 15% on the "surprise" announcements, Bruce thinks the company's stronger fundamental outlook remains discounted, he tells investors. The analyst, who forecasts double-digit adjusted EPS growth for Synchrony in FY19 and FY20, raised his price target on the stock to $37 from $30.
01/30/19
01/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Synchrony (SYF) upgraded to Buy from Neutral at BofA/Merrill with analyst Kenneth Bruce saying the company's renewal of the Sam's Club partnership, the sale of the Walmart (WMT) portfolio to Capital One (COF) and Walmart's dismissal of the lawsuit against Synchrony "substantially remove many of the key risks" that had been facing the company. 2. Alliant Energy (LNT) upgraded to Outperform from Market Perform at Wells Fargo. 3. Western New England Bancorp (WNEB) upgraded to Buy from Neutral at Compass Point. 4. Plug Power (PLUG) upgraded to Neutral from Sell at Roth Capital with analyst Craig Irwin citing valuation. 5. Intercept (ICPT) upgraded to Outperform from Market Perform at JMP Securities with analyst Lisa Bayko saying she thinks the REGENERATE trial, which will be reading out this quarter, has "a good shot" to hit on the fibrosis endpoint. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/05/19
NOMU
02/05/19
NO CHANGE
Target $35
NOMU
Buy
Nomura tells investors to 'rethink their cautiousness' on Synchrony
Nomura Instinet analyst Bill Carcache raised his price target for Synchrony Financial (SYF) to $35 from $33 and reiterates a Buy rating on the shares. Although the short case on Synchrony "died last quarter" as renewals quelled fears around additional partnership losses and the announced sale of the Walmart (WMT) portfolio eradicated skepticism over whether Capital One (COF) would be a buyer, many investors are reluctant to get more bullish amid a perceived lack of incremental demand for Synchrony late cycle, Carcache tells investors in a research note titled ""Time to Get in Front of SYF as It Prepares to Take Down ~20% of Its Float; Raising TP to $35." While understanding the concerns, the analyst says it is "time for those on the sidelines to rethink their cautiousness." With over $4B to spend and a "laser focus" on mitigating the loss of Walmart, the analyst views Synchrony as a "deep pocketed incremental buyer that intends to reduce its float by ~20%."

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ETFC

E-Trade

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MRK

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AVEO

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ARDM

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AMZN

Amazon.com

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YETI

Yeti

$22.85

0.97 (4.43%)

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EQIX

Equinix

$421.53

1.16 (0.28%)

, COR

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NOK

Nokia

$6.31

0.015 (0.24%)

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$9.36

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Cisco

$49.45

1.05 (2.17%)

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Juniper

$27.12

0.16 (0.59%)

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COP

ConocoPhillips

$70.13

1.04 (1.51%)

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$29.23

0.59 (2.06%)

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CVX

Chevron

$119.30

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Valero

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XOM

Exxon Mobil

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AMZN

Amazon.com

$1,608.88

-13.47 (-0.83%)

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ICE

IntercontinentalExchange

$75.49

-0.46 (-0.61%)

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Nasdaq

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AMD

AMD

$23.68

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$51.64

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AMD

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MRVL

Marvell

$18.82

-0.37 (-1.93%)

MCHP

Microchip

$91.10

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MU

Micron

$41.99

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NVDA

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QCOM

Qualcomm

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TXN

Texas Instruments

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AMGN

Amgen

$188.31

1.6 (0.86%)

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Astellas Pharma

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AMGN

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1.6 (0.86%)

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BMY

Bristol-Myers

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CLVS

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INO

Inovio

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MRK

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MYOV

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MYGN

Myriad Genetics

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NH

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TYME

Tyme Technologies

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WES

Western Gas Partners

$49.52

0.38 (0.77%)

, WGP

Western Gas Equity

$32.38

0.2 (0.62%)

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Western Gas Partners

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Western Gas Equity

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PXD

Pioneer Natural

$145.33

2.27 (1.59%)

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ZTS

Zoetis

$95.38

2.16 (2.32%)

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JNJ

Johnson & Johnson

$136.40

2.13 (1.59%)

18:22
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Johnson & Johnson CEO: 'We ended 2018 with great results' »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

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WIN

Windstream

$3.37

0.2 (6.31%)

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Uniti Group

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BHVN

Biohaven Pharmaceutical

$45.32

1.36 (3.09%)

18:14
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AMGN

Amgen

$188.31

1.6 (0.86%)

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Amgen treatment of Acute Myeloid Leukemia granted FDA orphan designation »

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CE

Celanese

$100.19

1.19 (1.20%)

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

17:58
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Court says Windstream defaulted on bonds in 2015, Bloomberg says »

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WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

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GLD

SPDR Gold Shares

$124.81

0.77 (0.62%)

17:41
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SPDR Gold Shares holdings fall to 793.03MT from 796.85MT »

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