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BUZZ-Synchrony Financial rises after Barclays upgrades to 'overweight'

ReutersJan 6, 2025 12:05 PM

** Consumer lending company Synchrony Financial's SYF.N shares rise ~1.18% to $67.57 premarket

** Barclays upgrades SYF to "overweight" from an "equal weight" rating

** Brokerage says risk from late fee cap rule seems to be in the rear-view window

** Barclays raises PT to $79 from $59, a ~21.1% upside to the stock's last close

** Sixteen of 22 brokerages rate the stock "buy" or higher and six "hold"; their median PT is $76 - LSEG data

** As of last close, stock up ~2.7% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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