Synchrony price target lowered to $82 from $93 at Barclays

Barclays analyst Terry Ma lowered the firm’s price target on Synchrony (SYF) to $82 from $93 and keeps an Overweight rating on the shares. The firm adjusted targets in the consumer finance group ahead of the Q1 reports. Sector valuations have pulled back to below historical averages due to a more uncertain macro environment, the analyst tells investors in a research note. Barclays finds positive risk/reward in its Overweight rated names.