Synchrony price target raised to $73 from $70 at RBC Capital

RBC Capital raised the firm’s price target on Synchrony (SYF) to $73 from $70 and keeps a Sector Perform rating on the shares after its Q4 results. The firm’s “stable fundamental quarter” is reflecting seasonal growth, stabilization in credit, and still modest spending and loan growth trends, the analyst tells investors in a research note. Synchrony’s outlook is also consistent with RBC expectations and importantly calls for lower charge-offs, the firm added.