Morgan Stanley Reinstates Underweight on Synchrony Finl, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has reinstated Synchrony Financial (SYF) with an Underweight rating and raised the price target from $28 to $29.
July 19, 2023 | 3:52 pm
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Synchrony Financial's rating has been reinstated to Underweight by Morgan Stanley, with a raised price target of $29.
The reinstatement of an Underweight rating typically suggests that the analyst believes the stock will underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price. However, the raised price target from $28 to $29 indicates a slightly positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100