BMO Capital Downgrades Synchrony Finl to Market Perform
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has downgraded Synchrony Financial (NYSE:SYF) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.
January 10, 2024 | 10:01 am
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Synchrony Financial was downgraded by BMO Capital from Outperform to Market Perform, which may influence investors' perception and could potentially affect the stock's performance in the short term.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. Given that this is a direct downgrade from a higher to a neutral rating, it is likely to have a noticeable impact on investor sentiment and the stock's market performance.
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