Morgan Stanley Maintains Equal-Weight on Synovus Finl, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Synovus Financial (SNV) and lowers the price target from $30 to $29.
September 27, 2023 | 1:19 pm
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Morgan Stanley has maintained an Equal-Weight rating on Synovus Financial and lowered the price target from $30 to $29.
The news is directly related to Synovus Financial (SNV). Morgan Stanley's decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target could potentially have a negative impact on investor sentiment, which might put some downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100