Synchrony price target raised to $80 from $75 at TD Cowen

TD Cowen raised the firm’s price target on Synchrony (SYF) to $80 from $75 and keeps a Buy rating on the shares. The firm noted they missed Q4 estimates primarily driven by higher-than-expected provision due to lower-than-expected reserve release, though loss rate was in line. Opex and RSA also came in slightly higher than expected, while NII was just slightly lower due to slightly lower NIM. They believe growth could ramp in 2H 2025 as the guidance was lsightly better than expected.