Morgan Stanley Maintains Underweight on Synchrony Finl, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an 'Underweight' rating on Synchrony Financial (SYF) and lowered the price target from $28 to $27.
October 25, 2023 | 12:59 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Synchrony Financial and lowered the price target from $28 to $27.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for Synchrony Financial. The lowering of the price target from $28 to $27 further suggests that the analyst expects the stock to underperform in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100