Morgan Stanley Maintains Underweight Rating for Synchrony Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Underweight rating for Synchrony Financial (SYF) and lowered its price target from $29.00 to $28.00. Shares of Synchrony Financial are currently trading down 3.95% at $29.17 per share.
October 03, 2023 | 5:00 pm
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Morgan Stanley's decision to maintain its Underweight rating and lower the price target for Synchrony Financial could potentially lead to a further decline in the company's stock price.
Analyst ratings often influence investor sentiment and can impact a company's stock price. In this case, Morgan Stanley's decision to maintain its Underweight rating and lower the price target for Synchrony Financial indicates a negative outlook for the company, which could potentially lead to a further decline in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100