Evercore ISI Group Downgrades Synovus Finl to In-Line, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst John Pancari has downgraded Synovus Financial Corp. (SNV) from Outperform to In-Line and set a price target of $40.
January 03, 2024 | 12:06 pm
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Synovus Financial Corp. (SNV) was downgraded by Evercore ISI Group from Outperform to In-Line with a price target of $40.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $40 provides a reference point that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100