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Investing.com - RBC Capital has lowered its price target on Synchrony Financial (NYSE:SYF) to $76.00 from $78.00 while maintaining a Sector Perform rating. The financial services company, currently valued at $25.79 billion, has seen its stock surge nearly 49% over the past six months, despite trading at a modest P/E ratio of 8.45.
The firm cited Synchrony’s leverage to consumer health and spending as key factors in its assessment of the financial services company.
RBC Capital noted that Synchrony has demonstrated stable to improving credit performance in recent quarters, a positive indicator amid broader economic concerns.
The research firm suggested that broader growth across Synchrony’s category platforms would be beneficial for the stock’s performance going forward.
Despite the slight reduction in price target, RBC Capital’s maintained Sector Perform rating indicates a neutral outlook on Synchrony Financial’s near-term prospects.
In other recent news, Synchrony Financial reported several significant developments that may interest investors. HSBC upgraded Synchrony Financial’s stock from Hold to Buy, increasing its price target to $81.00, citing the company’s recent share underperformance as a buying opportunity. Additionally, JMP Securities raised its price target for Synchrony Financial to $88.00, maintaining a Market Outperform rating, following positive management commentary about strong credit results through August. Synchrony has also completed the acquisition of Versatile Credit, a consumer financing software provider, although the financial terms were not disclosed. In corporate governance news, Synchrony appointed Deborah Ellinger to its Board of Directors, effective October 1, 2025, bringing her experience from the health, wellness, retail, and pet industries. Meanwhile, concerns about consumer credit quality have affected the broader consumer finance sector, with Synchrony Financial’s stock experiencing a decline amid these worries.
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