Truist Securities Maintains Buy on Synovus Finl, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Synovus Financial (SNV) but lowered the price target from $31.35 to $31.
October 23, 2023 | 5:34 pm
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NEUTRAL IMPACT
Synovus Financial's price target has been lowered by Truist Securities from $31.35 to $31, while maintaining a 'Buy' rating.
The news is directly about Synovus Financial (SNV). While the price target has been lowered, the 'Buy' rating is maintained, indicating that the analyst still sees potential in the stock. This could have a neutral impact on the stock's price in the short term as the lowered target might cause some investors to sell, but the maintained 'Buy' rating could also attract new investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100