Nomura Securities upgraded Synchrony Financial (NYSE: SYF) from Neutral to Buy with a price target of $38.00 (from $35.00).

Analyst Bill Carcache commented, "We are upgrading SYF to Buy from Neutral (TP to $38 from $35) based on our view that recent technical pressure relating to the separation from GE has created an attractive entry point. Fundamentally, we think the SYF story is rock solid; we expect the combination of strong secular tailwinds, further market share gains, and capital return upside to drive outperformance."

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 $31.34 yesterday.

Analyst Comments Analyst EPS View Analyst PT Change Upgrades

UBS Cuts Price Target on Synchrony Financial (SYF) Following 3Q Earnings Report October 20, 2015 10:59 AM Synchrony Financial (SYF) Number Lifted at Bernstein Post Q3; Buy on GE Exchange WeaknessOctober 19, 2015 7:27 AM General Electric (GE) Commences Exchange Offer Related to Synchrony (SYF) SpinOctober 19, 2015 6:31 AM Synchrony Financial to File Registration Statement in Connection With GE Exchange OfferOctober 19, 2015 6:31 AM GE Commences Exchange Offer to Complete Separation of Synchrony FinancialOctober 19, 2015 6:30 AM Form 8-K Synchrony Financial For: Oct 19October 19, 2015 6:11 AM Synchrony Financial (SYF) Tops Q3 EPS by 3cOctober 16, 2015 9:01 AM Form 8-K Synchrony Financial For: Oct 16October 16, 2015 9:01 AM Synchrony Financial Reports Third Quarter Net Earnings of $574 Million or $0.69 Per Diluted ShareOctober 16, 2015 9:00 AM GE beats profit expectations as aviation counters weak oil segmentOctober 16, 2015 6:48 AM