Credit Suisse Thinks Synchrony Financial’s Stock is Going to Recover


Credit Suisse analyst Moshe Orenbuch maintained a Buy rating on Synchrony Financial (SYF) yesterday and set a price target of $45. The company’s shares closed yesterday at $26.51, close to its 52-week low of $25.93.

According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 10.7% and a 67.4% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Credit Acceptance Corp, and Santander Consumer USA.

Synchrony Financial has an analyst consensus of Moderate Buy, with a price target consensus of $37.22, which is a 40.4% upside from current levels. In a report issued on November 5, BTIG also reiterated a Buy rating on the stock with a $42 price target.

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The company has a one-year high of $40.59 and a one-year low of $25.93. Currently, Synchrony Financial has an average volume of 5.37M.

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Synchrony Financial operates as a holding company, which engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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