Synchrony price target raised to $66 from $58 at UBS

UBS raised the firm’s price target on Synchrony (SYF) to $66 from $58 and keeps a Neutral rating on the shares. as loan growth decelerated to 2% year over year in November, as Synchrony puts the the proposed cap on late fees behind it, two questions that need answering are how the company plans to move forward or rollback mitigants that have been put in place?; and how have mitigants impacted growth in loans and spend?; the analyst tells investors in a research note. The firm says uncertainty on credit is still a factor as 2025 net charge-offs are expected come in above the 5.5%-6% long-term range.