BUZZ-Wells Fargo raises Synchrony Financial PT on better loan growth outlook

Reuters
07-01
BUZZ-Wells Fargo raises <a href="https://laohu8.com/S/SYF">Synchrony Financial</a> PT on better loan growth outlook

** Wells Fargo raises price target of $Synchrony Financial(SYF-B)$ SYF.N to $75 from $65, a ~12.4% upside on stock's last close

** Brokerage says SYF is well positioned to selectively ease credit restrictions, supporting loan growth

** 15 of 22 brokerages rate the stock "buy" or higher, seven "hold"; their median PT is $68 - 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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