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Bank of America Securities Sticks to Their Buy Rating for Synchrony Financial (SYF)

Tipranks - Tipranks - Tue Mar 10, 6:10AM CDT

Bank of America Securities analyst Mihir Bhatia maintained a Buy rating on Synchrony Financial yesterday and set a price target of $90.00.

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According to TipRanks, Bhatia is a 4-star analyst with an average return of 6.1% and a 56.25% success rate. Bhatia covers the Financial sector, focusing on stocks such as American Express, Synchrony Financial, and Capital One Financial.

In addition to Bank of America Securities, Synchrony Financial also received a Buy from TipRanks – Google’s Google Financial – Credit Services in a report issued on February 26. However, on the same day, TipRanks – OpenAI downgraded Synchrony Financial (NYSE: SYF) to a Hold.

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Based on Synchrony Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.77 billion and a net profit of $751 million. In comparison, last year the company earned a revenue of $4.92 billion and had a net profit of $774 million

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