KBW Remains a Buy on Synchrony Financial (SYF)

In a report released yesterday, Sanjay Sakhrani from KBW maintained a Buy rating on Synchrony Financial (SYF – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $44.14.

Sakhrani covers the Financial sector, focusing on stocks such as Capital One Financial, Bread Financial Holdings, and American Express. According to TipRanks, Sakhrani has an average return of 12.9% and a 71.71% success rate on recommended stocks.

Synchrony Financial has an analyst consensus of Moderate Buy, with a price target consensus of $48.00, representing an 8.74% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $51.00 price target.

SYF market cap is currently $18.14B and has a P/E ratio of 6.48.

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Synchrony Financial (SYF) Company Description:

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.