RBC Capital Remains a Hold on Synchrony Financial (SYF)

RBC Capital analyst Jon Arfstrom maintained a Hold rating on Synchrony Financial yesterday and set a price target of $85.00. The company’s shares closed yesterday at $73.00.

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According to TipRanks, Arfstrom is a 5-star analyst with an average return of 14.7% and a 60.12% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Associated Banc-Corp, Columbia Banking System, and Home Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synchrony Financial with a $93.47 average price target, which is a 28.04% upside from current levels. In a report released yesterday, TipRanks – OpenAI also downgraded the stock to a Hold with a $84.00 price target.

Based on Synchrony Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.83 billion and a net profit of $1.08 billion. In comparison, last year the company earned a revenue of $4.99 billion and had a net profit of $789 million