Truist raised the firm’s price target on Synchrony (SYF) to $63 from $57 and keeps a Hold rating on the shares as part of a broader research note on U.S. Banks. The firm’s Truist FIG Conference this week saw several main themes emerge for the banks, including a better tone around loan growth and client conversations along with optimism that the $100B asset threshold and the unsatisfactory regulatory ratings could both ease, leading to more M&A over time, the analyst tells investors in a research note. The firm further notes that while it is mindful of tariff risk, it is still seeing very benign or even improving credit, while commercial real estate has gone from a credit headache a year ago to a growth headache today.
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Read More on SYF:
- Synchrony and Discount Tyre extend partnership
- Strong Credit Management and Stable Loan Growth Drive Buy Rating for Synchrony Financial
- Synchrony Financial Releases April 2025 Charge-Off Data
- Synchrony removed from bullish Fresh Pick status at Baird
- Synchrony price target lowered to $57 from $65 at Truist
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