Wells Fargo Maintains Overweight on Synovus Finl, Lowers Price Target to $33
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 $45 to $33.
October 04, 2023 | 1:13 pm
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Synovus Financial Corp.'s price target has been lowered from $45 to $33 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
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