Wells Fargo Upgrades Synchrony Financial (XTRA:SFE)

Fintel reports that on December 3, 2024, Wells Fargo upgraded their outlook for Synchrony Financial (XTRA:SFE) from Equal-Weight to Overweight.

Analyst Price Forecast Suggests 32.59% Downside

As of April 17, 2024, the average one-year price target for Synchrony Financial is 42,99 €/share. The forecasts range from a low of 28,12 € to a high of 56,52 €. The average price target represents a decrease of 32.59% from its latest reported closing price of 63,77 € / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Synchrony Financial is 17,622MM, an increase of 95.65%. The projected annual non-GAAP EPS is 5.43.

What is the Fund Sentiment?

There are 1,552 funds or institutions reporting positions in Synchrony Financial. This is an increase of 46 owner(s) or 3.05% in the last quarter. Average portfolio weight of all funds dedicated to SFE is 0.17%, an increase of 22.35%. Total shares owned by institutions decreased in the last three months by 0.67% to 449,759K shares.

What are Other Shareholders Doing?

DE:SFE / Synchrony Financial Shares Held by Institutions

Capital World Investors holds 43,128K shares representing 11.08% ownership of the company. In its prior filing, the firm reported owning 43,623K shares , representing a decrease of 1.15%. The firm decreased its portfolio allocation in SFE by 0.65% over the last quarter.

ABALX - AMERICAN BALANCED FUND holds 21,238K shares representing 5.45% ownership of the company. In its prior filing, the firm reported owning 21,733K shares , representing a decrease of 2.33%. The firm decreased its portfolio allocation in SFE by 1.50% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,559K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 12,678K shares , representing a decrease of 0.95%. The firm decreased its portfolio allocation in SFE by 1.65% over the last quarter.

Bank Of America holds 12,471K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 16,708K shares , representing a decrease of 33.97%. The firm decreased its portfolio allocation in SFE by 81.38% over the last quarter.

AMECX - INCOME FUND OF AMERICA holds 11,303K shares representing 2.90% ownership of the company. No change in the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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