Morgan Stanley Assumes Synchrony Finl at Underweight, Announces Price Target of $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Jeffrey Adelson has initiated coverage on Synchrony Financial (SYF) with an Underweight rating and a price target of $30.
February 08, 2024 | 5:09 pm
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Morgan Stanley initiated coverage on Synchrony Financial with an Underweight rating and a price target of $30.
The initiation of coverage by Morgan Stanley with an Underweight rating suggests a bearish outlook on the stock. The price target of $30 provides a specific expectation for the stock's future price level. Given Morgan Stanley's influence in the market, this analysis could lead to a negative short-term impact on SYF's stock price as investors may adjust their positions based on this new rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100