Citi analyst Arren Cyganovich raised the firm’s price target on Synchrony to $45 from $44 and keeps a Buy rating on the shares. The analyst says the company’s Q4 results and outlook strengthened the firm’s view of the shares being undervalued. Citi feels good about Synchrony’s positioning heading into a potential recession.
Published first on TheFly
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Read More on SYF:
- Synchrony expects decline in net charge-off rate in Q3, normalization path in Q4
- Synchrony Reports Fourth Quarter 2022 Results
- Synchrony sees FY23 NIM 15%-15.25%
- Synchrony sees long-term ROA 2.5%, ROTCE 28%+
- Synchrony reports Q4 EPS $1.26, consensus $1.12
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