JPMorgan lowered the firm’s price target on Synchrony (SYF) to $73 from $84 and keeps a Neutral rating on the shares. The firm adjusted targets in the consumer finance group as part of a Q1 earnings preview. The macroeconomic environment “remains volatile and unpredictable,” the analyst tells investors in a research note. JPMorgan says “selectivity remains paramount” in this environment.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYF:
- Synchrony price target lowered to $77 from $82 at UBS
- Synchrony price target lowered to $84 from $95 at Seaport Research
- Synchrony price target lowered to $80 from $88 at Evercore ISI
- Synchrony price target lowered to $82 from $93 at Barclays
- Synchrony price target lowered to $83 from $95 at TD Cowen