Synchrony Financial (SYF) Receives Price Target

Synchrony Financial (SYF) : Average target price received by Synchrony Financial (SYF) is $35.94 with an expected standard deviation of $4.21. The most aggressive target on the stock is $41, whereas the most downbeat target is $30. 8 financial analysts are currently covering the stock.

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.


Also, Citigroup maintains its view on Synchrony Financial (NYSE:SYF) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup lowers the price target from $38 per share to $31 per share on Synchrony Financial. The rating by the firm was issued on June 15, 2016.

Synchrony Financial (NYSE:SYF): The stock opened at $27.83 on Thursday but the bulls could not build on the opening and the stock topped out at $28.01 for the day. The stock traded down to $27.40 during the day, due to lack of any buying support eventually closed down at $27.76 with a loss of -0.25% for the day. The stock had closed at $27.83 on the previous day. The total traded volume was 5,099,241 shares.

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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