Wolfe Research Upgrades Synchrony Finl to Outperform, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Bill Carcache upgraded Synchrony Financial (SYF) from Underperform to Outperform and increased the price target from $36 to $50.
April 04, 2024 | 9:10 am
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POSITIVE IMPACT
Synchrony Financial was upgraded by Wolfe Research from Underperform to Outperform, with the price target raised from $36 to $50.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive change in the analyst's view of the company's future performance. The significant increase in the price target from $36 to $50 suggests a strong conviction in the company's potential for growth, which could positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100