Synchrony price target raised to $75 from $64 at BofA

BofA analyst Mihir Bhatia raised the firm’s price target on Synchrony (SYF) to $75 from $64 and keeps a Buy rating on the shares. The firm is raising its multiples across the pure-play card issuers following the election as investor optimism around regulatory relief, lower tax rates, and faster growth has improved sentiment across the sector, the analyst noted.