Piper Sandler Maintains Overweight Rating for Synchrony Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has reaffirmed its Overweight rating on Synchrony Financial (NYSE:SYF) and increased its price target from $46.00 to $48.00. Synchrony Financial's stock has risen 1.01% in the last 24 hours to $37.82. The new price target suggests a potential upside of 26.92% from the current price. Synchrony Financial is a major provider of private-label credit cards in the U.S.
January 24, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Piper Sandler maintains Overweight rating on Synchrony Financial with a raised price target from $46 to $48, indicating a potential 26.92% increase from the current price.
The reaffirmation of the Overweight rating and the increase in price target by Piper Sandler are strong positive signals for investors, suggesting confidence in Synchrony Financial's future performance. This could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100