JMP Securities Maintains Market Outperform on Synchrony Finl, Lowers Price Target to $35
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 $38 to $35.
October 25, 2023 | 3:25 pm
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NEUTRAL IMPACT
Synchrony Financial's price target has been lowered from $38 to $35 by JMP Securities, though the Market Outperform rating is maintained.
While the lowering of the price target might be seen as a negative signal, the maintenance of the Market Outperform rating indicates that JMP Securities still sees potential in Synchrony Financial. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100