RBC Capital Downgrades Synchrony Finl to Sector Perform, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Synchrony Financial (SYF) from Outperform to Sector Perform and has also lowered the price target from $41 to $37.
September 05, 2023 | 10:00 am
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Synchrony Financial's rating has been downgraded by RBC Capital, which also lowered its price target. This could potentially impact the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. The downgrade from Outperform to Sector Perform suggests that RBC Capital expects SYF's performance to be average compared to other stocks in its sector. The lowering of the price target from $41 to $37 indicates a reduced expectation of the stock's future value. Both these factors could potentially lead to a decrease in SYF's stock price in the short term.
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