SYF - Credit Card Companies Sector Shakeup: Analyst Cautions On Near-Term Risks Yet Sees Long-Term Stability | Benzinga
RBC Capital Markets analyst Jon G. Arfstrom revised several credit card companies' ratings and price targets on the changed near-term view of the industry.
The analyst upgraded the rating on American Express Co (NYSE: AXP) to Outperform from Sector Perform at an increased price target of $200 from $197.
On the other hand, the analyst lowered the rating for Synchrony Financial (NYSE: SYF) and Bread Financial Holdings Inc (NYSE: BFH) to Sector Perform from Outperform at a reduced price target of $37 (from $41) and $43 (from $46), respectively.
Also, the analyst cut the price ...