BofA analyst Mihir Bhatia raised the firm’s price target on Synchrony (SYF) to $84 from $80 and keeps a Buy rating on the shares following August metrics and a business update at an investor conference. With spending trends improving and the Walmart (WMT) program just launching, the firm has increased confidence that loan growth has troughed and will “nicely accelerate next year,” the analyst tells investors.
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