JMP Securities Maintains Market Outperform on Synchrony Finl, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf has reaffirmed a Market Outperform rating on Synchrony Financial (NYSE:SYF) and increased the price target from $35 to $42, indicating a positive outlook on the company's stock.
January 12, 2024 | 12:24 pm
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JMP Securities analyst David Scharf has maintained a Market Outperform rating on Synchrony Financial and raised the price target from $35 to $42, suggesting confidence in the company's future performance.
The increase in price target by JMP Securities reflects a positive assessment of Synchrony Financial's prospects, which is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price. Analyst ratings and price target adjustments are significant factors that investors consider when making decisions, and an upgrade typically signals a bullish outlook.
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IMPORTANCE 80
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