Truist analyst Brian Foran raised the firm’s price target on Synchrony (SYF) to $68 from $63 and keeps a Hold rating on the shares. The firm is boosting its EPS view for 2025 and 2026 by 1% and 2% respectively, reflecting Q2 receivables being adjusted down to $100B and the net charge-off by 10bps to 6.0%, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYF:
- Strategic Partnership with OnePay Boosts Synchrony Financial’s Growth Prospects
- Synchrony Financial Releases May 2025 Charge-Off Data
- Strategic Partnership with Walmart Boosts Synchrony Financial’s Growth Prospects and Reinforces Buy Rating
- Synchrony new credit card program with Walmart a positive, says TD Cowen
- Walmart deal should aid Synchrony loan growth, says Keefe Bruyette