Raymond James Maintains Outperform on Synovus Finl, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained an 'Outperform' rating on Synovus Financial (SNV) but lowered the price target from $36 to $34.
October 20, 2023 | 1:34 pm
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Synovus Financial's price target has been lowered from $36 to $34 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which may impact the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could balance out any negative sentiment.
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IMPORTANCE 80
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