Brokerage Firm Rating Update on Synchrony Financial (SYF)

Synchrony Financial (SYF) : 8 brokerage houses believe that Synchrony Financial (SYF) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Synchrony Financial (SYF). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.4.

Synchrony Financial (SYF) : The highest level Synchrony Financial (SYF) is projected to reach is $41 for the short term and the lowest estimate is at $31. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $36.06 and the possibility the share price can swing is $4.02.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Citigroup maintains the rating on Synchrony Financial (NYSE:SYF). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $38 per share to $31 per share. The rating by the firm was issued on June 15, 2016.

Synchrony Financial (NYSE:SYF): The stock opened at $27.48 and touched an intraday high of $27.84 on Wednesday. During the day, the stock corrected to an intraday low of $27.35, however, the bulls stepped in and pushed the price higher to close in the green at $27.81 with a gain of 0.72% for the day. The total traded volume for the day was 2,803,127. The stock had closed at $27.61 in the previous trading session.

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Companys revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts, under its Optimizer+Plus brand.

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