JMP Securities Maintains Market Outperform on Synchrony Finl, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf maintains a Market Outperform rating on Synchrony Financial (SYF) but lowers the price target from $41 to $38.
October 16, 2023 | 1:34 pm
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NEUTRAL IMPACT
Synchrony Financial's price target has been lowered from $41 to $38 by JMP Securities, though the Market Outperform rating is maintained.
The news directly pertains to Synchrony Financial (SYF) as JMP Securities has lowered its price target for the company. However, the Market Outperform rating is maintained, indicating that the analyst still expects the stock to outperform the market. This could have a neutral impact on the stock's price in the short term as the lowered price target might be offset by the maintained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100