Citigroup Maintains Buy on Synchrony Finl, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a 'Buy' rating on Synchrony Financial (SYF) but lowered the price target from $43 to $40.
October 06, 2023 | 3:20 pm
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NEUTRAL IMPACT
Citigroup, as the analyst firm, has lowered the price target for Synchrony Financial from $43 to $40, while maintaining a 'Buy' rating.
Citigroup's actions as an analyst firm do not directly impact its own stock price. Therefore, the impact on Citigroup's stock is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Synchrony Financial's price target has been lowered by Citigroup from $43 to $40, although the 'Buy' rating is maintained.
While the 'Buy' rating is maintained, the lowering of the price target by Citigroup could create some uncertainty among investors. However, as the rating is still 'Buy', the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100