Evercore Lowers Synchrony Financial Price Target to $88, Cites Higher Costs as Growth Investments Ramp
Evercore ISI reduced its price target on Synchrony Financial (SYF) to $88 from $97 and kept an Outperform rating after cutting 2026 and 2027 EPS estimates. The revisions reflect anticipated higher expense run rates and larger retailer share arrangements as Synchrony accelerates investments, including for its Walmart partnership and AI initiatives. …