Barclays Initiates Coverage On Synovus Finl with Equal-Weight Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has initiated coverage on Synovus Financial Corp. (SNV) with an Equal-Weight rating and set a price target of $42.
March 08, 2024 | 10:19 am
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Barclays initiated coverage on Synovus Financial Corp. with an Equal-Weight rating and a price target of $42.
The initiation of coverage by Barclays with an Equal-Weight rating and a specific price target provides investors with a new professional analysis to consider. However, the Equal-Weight rating suggests that Barclays views SNV's stock as fairly valued at its current price, implying a neutral short-term impact on the stock price. The price target of $42 indicates Barclays' expectation of where the stock price could head, but since it's not specified whether this target is above or below the current trading price, the impact is considered neutral.
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