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Fly News Breaks for December 2, 2019
Dec 2, 2019 | 06:20 EDT
BofA/Merrill analyst Ryan Cary resumed coverage of Synchrony with a Buy rating and $42 price target. The analyst sees the stock as a "leading consumer finance provider" with a positive view on its competitive positioning, scale, and the backdrop of a healthy U.S. consumer. Cary also believes that Synchrony can counter the macro risks of a slower economy with strong underlying fundamentals and future share gains.
News For SYF From the Last 2 Days
Nov 29, 2021 | 06:06 EST
Piper Sandler analyst Kevin Barker initiated coverage of Synchrony Financial with a Neutral rating and $52 price target. The analyst believes Synchrony is well positioned to grow over the next two years and compete directly with of buy now, pay later lenders with its Pay-in-Four product. However, increasing card delinquency rates across the industry combined with an elevated valuation multiple relative to the stock's historical range will likely make it difficult for the stock to outperform, Barker tells investors in a research note.