Synchrony price target raised to $91 from $76 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on Synchrony (SYF) to $91 from $76 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 for Consumer Finance names. The firm expects stable fundamentals as the consumer continues to demonstrate resiliency in a solid and potentially improving macro environment, the analyst tells investors in a research note. For the quarter, RBC expects positive sequential loan growth to be driven by seasonal tailwinds, forecasting “modest improvements in core credit metrics”.