Synchrony Financial (NYSE:SYF) New Coverage by Wells Fargo

Wells Fargo has begun its coverage on Synchrony Financial (NYSE:SYF), today 29 March. Investment firm finds the stock of Synchrony Financial (NYSE:SYF) attractive and has given it Outperform rating.

Despite the new coverage NYSE:SYF is now trading 0.00% lower at $33.66 as of 2:02 AM New York time. Synchrony Financial shares have [From2] 0% in the last 200 days, while the S&P500 Index has increased 12.52% for the same time period.

According to data compiled by Thomson Reuters, Synchrony Financial (NYSE:SYF)’s stock is covered by 21 equity analysts across the Street, with 0 analysts giving it a Sell rating, 19 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $37.29, which reflects an upside potential of 10.78% over the current price.

Synchrony Financial (NYSE:SYF) Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Synchrony Financial (NYSE:SYF) closed at $33.66 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 5.61 million shares. Synchrony Financial has a 52 week low of $23.25 and a 52 week high of $38.06. The company has a market cap of $28.06 billion and a P/E ratio of 12.43.

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