Barclays upgraded Synchrony (SYF) to Overweight from Equal Weight with a price target of $79, up from $59. Heading into 2025, the firm favors consumer finance stocks “with positive catalysts that have not been fully priced in and could drive additional upside. The Consumer Financial Protection Bureau’s late fee cap is in the rear-view and mitigant revenue over the next few years should provide an earnings tailwind, the analyst tells investors in a research note. As such, the firm upgraded Synchrony to Overweight.
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