DA Davidson Maintains Buy on Synovus Finl, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Kevin Fitzsimmons maintains a 'Buy' rating on Synovus Financial Corp. (SNV) but lowers the price target from $37 to $35.
September 20, 2023 | 1:42 pm
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Synovus Financial's price target has been lowered from $37 to $35 by DA Davidson, though the 'Buy' rating is maintained.
The lowering of the price target by DA Davidson could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees upside potential, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100