Synchrony Financial (SYF)

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Citigroup Inc. Initiates Coverage on Synchrony Financial (SYF)
Posted by Nolan Pearson on Sep 9th, 2014

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Research analysts at Citigroup Inc. started coverage on shares of Synchrony Financial (NYSE:SYF) in a report released on Tuesday. The firm set a “buy” rating and a $30.00 price target on the stock.

Citigroup Inc.’s price target points to a potential upside of 20.77% from the company’s current price.
SYF has been the subject of a number of other recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Synchrony Financial in a research note on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Synchrony Financial in a research note on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Synchrony Financial in a research note on Tuesday. They set an “outperform” rating and a $30.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.27.

Shares of Synchrony Financial (NYSE:SYF) opened at 24.84 on Tuesday. Synchrony Financial has a 1-year low of $22.60 and a 1-year high of $26.02. The stock’s 50-day moving average is $24.24 and its 200-day moving average is $24.24. The company has a market cap of $20.624 billion and a price-to-earnings ratio of 10.91.

Synchrony Financial (NYSE:SYF) is a consumer financial services companies in the United States.





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