Synchrony price target raised to $88 from $68 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Synchrony (SYF) to $88 from $68 and keeps a Buy rating on the shares as part of a 2025 outlook for the consumer and diversified finance group. The results of the November election “appear to have rekindled animal spirits,” boosting business and consumer confidence in anticipation of a more pro-business political environment, which has raised expectations for the U.S. economy but lowered expectations for further Federal Reserve easing, the analyst tells investors in a research note. Deutsche believes this bodes well for stocks levered to consumer credit and spend, but less well for stocks levered to the mortgage market, which “remains subdued” due to high rates and low housing supply. The firm increased most of its price-to-earnings-derived price targets as it rolled them forward to new 2026 earnings estimates, “leaving considerable potential upside,” even for stocks that were big outperformers in 2024.