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UPDATE: Keefe, Bruyette & Woods Initiates Coverage On Synchrony Financial On Unique Investment Opportunity

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In a report published Tuesday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani initiated coverage on Synchrony Financial (NYSE: SYF) with an Outperform rating and $31.00 price target.

In the report, Keefe, Bruyette & Woods noted, “We are initiating coverage of SYF with an Outperform rating and a $31 price target. We believe Synchrony Financial (SYF) presents investors with a unique opportunity to gain exposure to a niche vertical within the credit card industry, while also carrying multiple avenues for upside. These include leverage to improving consumer trends, increasing merchant usage of and interest in data-driven credit solutions, and the potential for capital management down the road given robust capital levels and generation. At current levels, we believe shares do not entirely incorporate these aspects, particularly when compared to peer valuations.”

Synchrony Financial closed on Monday at $24.84.

Latest Ratings for SYF

DateFirmActionFromTo
Dec 2019DowngradesBuyNeutral
Sep 2019MaintainsBuy
Jul 2019AssumesBuy

View More Analyst Ratings for SYF
View the Latest Analyst Ratings

Posted-In: Keefe Bruyette & Woods Sanjay SakhraniAnalyst Color Initiation Analyst Ratings

 

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