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Posted July 9, 2015 by FTM Staff Analyst in NEWS
 
 

Barclays Upgrades Synchrony Financial to OW

This morning Barclays upgraded shares of SYF to OW and a price target of $38.

“Historically, investors have placed a premium value on spend-centric business models relative to the more credit-sensitive lend-centric issuers. However, in the current environment where swipe economics are continually eroded both internally (rewards) and externally (merchants and regulators), we think this perception is outdated.”

Barclays has been a top 5 analyst covering SYF. The stock has no Sell ratings and is trading near 52-week highs.

 

FTM Staff Analyst

 


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