RBC Capital analyst Jon Arfstrom raised the firm’s price target on Synchrony (SYF) to $70 from $68 and keeps a Sector Perform rating on the shares as part of a Q4 earnings preview for the consumer finance group. The firm expects “steady fundamental results with seasonal tailwinds to loan growth and spending volumes.” After normalizing during 2023 and 2024, core trends for the sector have stabilized, and delinquency metrics are now tracking with typical seasonality, the analyst tells investors in a research note.
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