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UBS Cuts Price Target on Synchrony Financial (SYF) Following 3Q Earnings Report

October 20, 2015 10:59 AM EDT

UBS maintained a Neutral rating on Synchrony Financial (NYSE: SYF), and cut the price target to $33.50 (from $35.00), following the company's 3Q earnings results. During the quarter the company saw 12% y/y growth in its receivables portfolio.

Analyst Matthew Howlett commented, "We are... More