Loop Capital Initiates Coverage of Synchrony Financial (SYF) Stock
Key takeaways
- On May 21, Loop Capital initiated coverage of the company’s stock with a “Hold” rating and a price objective of $81.
- This could result in suboptimal comparisons with respect to the loan growth in 2027, opines Loop Capital.
- In a different release, the company announced an expanded co-brand partnership with Lowe’s.
Loop Capital Initiates Coverage of Synchrony Financial (SYF) Stock Bob Karr Mon, June 8, 2026 at 11:16 PM GMT+7 1 min read SYF WMT SYF-PB Synchrony Financial (NYSE:SYF) is one of the Best Blue Chip Stocks Under $100 to Buy Now. On May 21, Loop Capital initiated coverage of the company’s stock with a “Hold” rating and a price objective of $81. The firm expects a stable-to-improving trajectory in the broader financials space. Moreover, the company’s loan growth did not materialize to the expected levels. Walmart seems to be fueling its loan growth in 2026.
This could result in suboptimal comparisons with respect to the loan growth in 2027, opines Loop Capital. Also, the firm noted that the credit metrics continue to bounce around the bottom of expectations, considering the seasoning of the new partnership. While Synchrony Financial (NYSE:SYF)’s stock is expected to grind higher over time with the peer group, the company’s peers offer more upside when it comes to fundamentals and valuation.
In a different release, the company announced an expanded co-brand partnership with Lowe’s. Synchrony Financial (NYSE:SYF) will now be issuing the MyLowe’s Pro Rewards American Express® Card.