Synchrony price target raised to $48 from $44 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Synchrony (SYF) to $48 from $44 and keeps an Equal Weight rating on the shares. The company beat the firm’s earnings per share forecast on net charge-offs/reserve release and lowered its 2025 NCO guidance by 5.8%-6%, though growth remains weak, the analyst tells investors in a research note. The firm raised its earnings estimates for 2025 and 2026 following better NCOs and larger buybacks, but still remains 5% below consensus in 2026 on macro, adding that Synchrony is not seeing pullforward.