Temasek Holdings Private LTD Trimmed Synchrony Finl (SYF) Stake, 9 Analysts Covering AmerisourceBergen Corp. (ABC)

June 20, 2017 - By Dolores Ford

Temasek Holdings Private Ltd decreased Synchrony Finl (SYF) stake by 82.96% reported in 2016Q4 SEC filing. Temasek Holdings Private Ltd sold 5.44M shares as Synchrony Finl (SYF)’s stock declined 26.83%. The Temasek Holdings Private Ltd holds 1.12 million shares with $40.56 million value, down from 6.56M last quarter. Synchrony Finl now has $24.07B valuation. The stock rose 0.58% or $0.17 reaching $29.59. About 2.57M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since June 20, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Among 17 analysts covering AmerisourceBergen (NYSE:ABC), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. AmerisourceBergen had 36 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Tuesday, November 17 by Credit Suisse. The firm has “Hold” rating given on Tuesday, May 30 by Mizuho. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Buy” rating by Bank of America on Thursday, January 12. As per Friday, February 5, the company rating was maintained by RBC Capital Markets. Mizuho downgraded AmerisourceBergen Corp. (NYSE:ABC) on Tuesday, January 3 to “Neutral” rating. The stock has “Market Perform” rating by Raymond James on Wednesday, January 6. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 7. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Neutral” rating by Bank of America on Tuesday, June 7. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. The company was initiated on Tuesday, April 4 by Needham. See AmerisourceBergen Corp. (NYSE:ABC) latest ratings:

30/05/2017 Broker: Mizuho Rating: Hold New Target: $93.0000 Maintain
17/05/2017 Broker: Jefferies Rating: Hold New Target: $95.00 Initiates Coverage On
04/04/2017 Broker: Needham Rating: Buy New Target: $99.00 Initiate
17/01/2017 Broker: Leerink Swann Old Rating: Market Perform New Rating: Outperform Old Target: $7.00 New Target: $9.00 Upgrade
12/01/2017 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
03/01/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral New Target: $83 Downgrade

Among 23 analysts covering Synchrony Financial (NYSE:SYF), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Synchrony Financial had 37 analyst reports since July 20, 2015 according to SRatingsIntel. DA Davidson initiated it with “Buy” rating and $37.0 target in Wednesday, January 13 report. The rating was initiated by Wedbush on Tuesday, October 11 with “Outperform”. Oppenheimer initiated the shares of SYF in report on Tuesday, April 11 with “Perform” rating. As per Wednesday, September 16, the company rating was downgraded by BMO Capital Markets. The firm has “Neutral” rating given on Friday, April 8 by Bank of America. The company was maintained on Wednesday, April 12 by Wood. BTIG Research maintained it with “Buy” rating and $36 target in Thursday, May 25 report. On Friday, November 4 the stock rating was initiated by Compass Point with “Buy”. Macquarie Research initiated Synchrony Financial (NYSE:SYF) on Wednesday, May 11 with “Neutral” rating. The stock has “Outperform” rating by Wells Fargo on Wednesday, March 29.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on July, 28. They expect $0.60 earnings per share, up 3.45% or $0.02 from last year’s $0.58 per share. SYF’s profit will be $488.07 million for 12.33 P/E if the $0.60 EPS becomes a reality. After $0.61 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -1.64% negative EPS growth.

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