Wells Fargo Maintains Overweight on Synovus Finl, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Shaw has maintained an Overweight rating on Synovus Financial Corp. (SNV) but lowered the price target from $50 to $45.
July 21, 2023 | 10:48 am
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Wells Fargo has maintained an Overweight rating on Synovus Financial Corp. but lowered the price target from $50 to $45.
The news is directly related to Synovus Financial Corp. (SNV). While the Overweight rating is maintained, the lowering of the price target from $50 to $45 by Wells Fargo might create a negative sentiment among investors, potentially impacting the stock price. However, the overall impact is neutral as the Overweight rating indicates that the analyst still believes the stock will outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100