Loop Capital Starts Synchrony Financial (SYF) at Hold
Loop Capital analyst Dominick Gabriele initiates coverage on Synchrony Financial (NYSE: SYF) with a Hold rating and a price target of $81.00.
The analyst comments "Loan growth hasn't materialized to the degree we expected and WMT is likely driving loan growth in 2026 that will create suboptimal comparisons for loan growth in 2027. Retail share agreements are likely to be at the high end of the company's 4.0%-4.5% of average loans putting pressure on efficiency ratios that isn't likely to abate in 2027. Credit metrics are bouncing around the bottom of our expectations given new partnership seasoning. We expect SYF's stock to grind higher over time with the peer group but believe peers provide more upside on fundamentals and valuation."
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Shares of Synchrony Financial closed at $72.05 yesterday.