Morgan Stanley Maintains Underweight on Synchrony Finl, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Underweight rating on Synchrony Financial (NYSE:SYF) but increased the price target from $29 to $30.
January 24, 2024 | 8:14 pm
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NEUTRAL IMPACT
Morgan Stanley reaffirms an Underweight rating on Synchrony Financial, but raises the price target from $29 to $30, indicating a cautious outlook with a slight upside.
The increase in price target from $29 to $30 by Morgan Stanley suggests a marginal improvement in the outlook for Synchrony Financial. However, the Underweight rating indicates that the analyst believes the stock may underperform the broader market or its sector. This mixed signal could lead to a neutral short-term impact on the stock price, as the slight increase in target price may be offset by the caution implied by the Underweight rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100