Raymond James Upgrades Synovus Finl to Strong Buy, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has upgraded Synovus Financial Corp. (SNV) from Outperform to Strong Buy and increased the price target from $34 to $45.
January 05, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Synovus Financial Corp. (SNV) has been upgraded by Raymond James from Outperform to Strong Buy, with the price target raised from $34 to $45.
The upgrade to Strong Buy by a reputable analyst at Raymond James is a strong positive signal to the market, suggesting a bullish outlook on SNV's financial performance and stock price potential. The significant increase in the price target further reinforces this positive sentiment, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100