In a report released yesterday, Donald Fandetti from Wells Fargo reiterated a Buy rating on Synchrony Financial (SYF – Research Report), with a price target of $85.00.
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Donald Fandetti has given his Buy rating due to a combination of factors including improvements in Synchrony Financial’s delinquency rates. The company’s January statistics showed a decrease in their 30+ day delinquency rate, which fell by 20 basis points year-over-year, marking the first decline since the normalization process began. This positive trend was further supported by a reduction in net charge-off (NCO) pressure when adjusted for days, indicating better credit quality.
Additionally, Fandetti highlights the encouraging monthly data alongside favorable regulatory developments, such as the potential withdrawal of the late fee proposal by the CFPB. Moreover, Synchrony Financial’s strong capital position and the anticipated easing of credit underwriting in the latter half of 2025 are expected to drive higher growth in card loans. These elements collectively support the Buy recommendation for SYF stock.
According to TipRanks, Fandetti is a 5-star analyst with an average return of 13.5% and a 69.21% success rate. Fandetti covers the Financial sector, focusing on stocks such as American Express, Synchrony Financial, and Capital One Financial.
In another report released today, Barclays also maintained a Buy rating on the stock with a $79.00 price target.