Synchrony price target raised to $82 from $72 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Synchrony (SYF) to $82 from $72 and keeps an Equal Weight rating on the shares. The firm upgraded its view on the North America consumer finance group to In-Line from Cautious. Interest rates are moving lower and the group’s near-term credit performance keeps improving, even amid slower hiring, which lessens downside risks for the stocks, the analyst tells investors in a research note. Morgan Stanley upped price targets in the sector as it rolled forward models to 2027.