Synchrony Financial is a buy as macro fears are priced in, Piper Sandler says

Sarah Min@_sarahmin
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In this photo illustration, the stock market information of Synchrony Financial displayed on a smartphone while the logo of Synchrony Financial seen in the background.
Igor Golovniov | Lightrocket | Getty Images

While recession fears and regulatory risks have weighed negatively on Synchrony Financial's stock, Piper Sandler says investors should give the credit card provider another look.