Jefferies raises Synchrony Financial price target to $55, while other banks follow.

Jefferies Financial Group raises price target for Synchrony Financial (SYF) to $55, while other banks such as JPMorgan Chase & Co. and Wells Fargo & Co. have also increased their target prices. Synchrony Financial reported $1.18 EPS in its latest quarter, missing analyst estimates of $1.37. The company has initiated a $1B share repurchase program and declared a $1 annualized dividend.