Synchrony Financial shares are trading higher after Wolfe Research upgraded the stock from Underperform to Outperform and raised its price target from $36 to $50.
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial's stock (SYF) experienced a rise after Wolfe Research upgraded its rating from Underperform to Outperform and increased its price target from $36 to $50.
April 04, 2024 | 1:09 pm
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Synchrony Financial's stock received a significant upgrade from Wolfe Research, moving from Underperform to Outperform, with a price target increase from $36 to $50.
The upgrade by Wolfe Research to an Outperform rating and the substantial increase in the price target for Synchrony Financial (SYF) are strong indicators of a positive outlook on the company's future performance. This kind of analyst action typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100