Morgan Stanley Maintains Underweight on Synchrony Finl, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on Synchrony Financial (SYF) and raises the price target from $26 to $28.
July 13, 2023 | 2:03 pm
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Morgan Stanley maintains an Underweight rating on Synchrony Financial (SYF) and raises the price target from $26 to $28.
The Underweight rating maintained by Morgan Stanley indicates a negative outlook for Synchrony Financial. However, the increase in price target from $26 to $28 suggests that the analyst sees some upside potential, albeit less than the market average. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100