Truist lowered the firm’s price target on Synchrony (SYF) to $78 from $82 and keeps a Hold rating on the shares as part of a broader research note on Regional Banks / Consumer Finance names. The firm is updating its models following their Q3 results and updated guidance, noting the companies’ expectations for higher net interest margins and growth in core lending rates, but also citing the sector re-rating down from broader credit concerns, the analyst tells investors in a research note.
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