Baird analysts initiated coverage of the financial-services company's stock at Outperform with a price target of $56.
Synchrony (SYF) expands its partnership with Atlanticus in a bid to attract a large customer base and enhance customer experience.
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Synchrony Financial recently issued a Series B preferred share yielding above 8%. Synchrony Financial's profitability has been impacted by higher operating expenses and credit losses. Series B preferred shares offer fixed dividends until reset in 2029, with the potential for lower rates in the future.
Synchrony (SYF) expands its partnership with LG Electronics to provide financing options for the purchase of Home 8 Energy Systems.
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Synchrony (SYF) benefits from rising interest rates, higher loan receivables and partnerships.
Synchrony (SYF) aims to gradually extend the partnership to encompass more retailers in the future.
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