UBS Cuts Price Target on Synchrony Financial (SYF) Following 3Q Earnings Report
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Notable Analyst Rating Changes 10/20: (SYF) (NGLS) (RICE) Upgraded; (ENPH) (VRX) (UBNT) Downgraded
October 20, 2015 10:51 AM EDTUPGRADES
Nomura Securities upgrades Synchrony Financial (NYSE: SYF) from Neutral to Buy and moves its price target from $35 up to $38.... More
Nomura Securities Upgrades Synchrony Financial (SYF) to Buy
October 20, 2015 7:26 AM EDTNomura Securities upgraded Synchrony Financial (NYSE: SYF) from Neutral to Buy with a price target of $38.00 (from $35.00).
Analyst Bill Carcache commented, "We are upgrading SYF to Buy from Neutral (TP to $38 from $35) based on our view that recent technical pressure relating to... More
Synchrony Financial (SYF) Number Lifted at Bernstein Post Q3; Buy on GE Exchange Weakness
October 19, 2015 7:27 AM EDTBernstein analyst Kevin St. Pierre reiterated an Outperform rating and lifted estimates and his price target on Synchrony Financial (NYSE: SYF) to $41.00 (from $38.00) following solid results.
St. Pierre noted the stronger net interest income (driven by a higher margin) and a lower... More
General Electric (GE) Commences Exchange Offer Related to Synchrony (SYF) Spin
October 19, 2015 6:31 AM EDTGeneral Electric (NYSE: GE) commenced an offer to exchange GE common stock for common stock of Synchrony Financial (NYSE: SYF) presently owned by GE. This exchange offer is in connection with the previously announced separation of Synchrony, the largest provider of private label credit cards in the United States*, from GE. The exchange offer is expected to conclude the week of November 16, 2015.
Last week, Synchrony Financial received approval from the Federal Reserve to become a stand-alone savings and loan holding company following the completion of the... More
Synchrony Financial (SYF) Tops Q3 EPS by 3c
October 16, 2015 9:01 AM EDTSynchrony Financial (NYSE: SYF) reported Q3 EPS of $0.69, $0.03 better than the analyst estimate of $0.66. Platform revenue for the quarter came in at $2.7 billion, may not compare to the consensus estimate of $3.02 billion.
For earnings history and earnings-related data on Synchrony Financial (SYF) click here.
... MoreGE beats profit expectations as aviation counters weak oil segment
October 16, 2015 6:48 AM EDTBy Lewis Krauskopf
(Reuters) - General Electric Co (NYSE: GE) reported a better-than-expected quarterly profit on Friday, helped by cost cuts and higher sales of its jet engines business that offset struggles in its oil and gas segment.
The U.S. conglomerate, which is pulling back from financial services, also said third-quarter industrial revenue grew 4 percent, excluding the impact of foreign currency swings and acquisitions.
The company maintained its profit forecast for its core industrials segment of $1.13 to $1.20 per share for the full year.
Connecticut-based GE's orders dropped 26 percent,... More
