Baird Boosts Synchrony Financial to Outperform, Citing Valuation and Credit Strength
Baird upgraded Synchrony Financial from Neutral to Outperform and set an $83.00 price target, pointing to attractive valuation metrics, resilient credit trends and capital flexibility. The firm highlighted risk-sharing agreements and a strong CET1 ratio as buffers against possible credit deterioration, while recent quarterly revenue shortfalls and …