Wedbush Starts Synchrony Financial (SYF) at Outperform

Wedbush initiates coverage on Synchrony Financial (NYSE: SYF) with a Outperform rating and a price target of $31.00.

Analyst Henry Coffey Jr. commented, "We are initiating coverage on Synchrony Financial (SYF) with an OUTPERFORM rating and a $31 price target. SYF is the largest issuer and manager of private label credit cards and promotionally-based sales finance programs in the country. Our price target and rating reflect this company’s longstanding relationships with its PLS clients, the expectation the company will continue to increase return of capital measures over time, and the company’s valuation relative to its peers."

For an analyst ratings summary and ratings history on Synchrony Financial click here. For more ratings news on Synchrony Financial click here.

Shares of Synchrony Financial closed at $26.73 yesterday.

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