Jefferies Maintains Buy on Synovus Finl, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Casey Haire maintains a Buy rating on Synovus Financial Corp. (SNV) but lowers the price target from $46 to $43.

April 08, 2024 | 7:25 pm
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NEUTRAL IMPACT
Jefferies maintains a Buy rating on Synovus Financial Corp. but lowers the price target from $46 to $43.
While the reduction in price target from $46 to $43 by Jefferies could suggest a slightly less optimistic outlook on SNV's future price performance, the maintenance of a Buy rating indicates a continued positive view on the stock's potential. This mixed signal might lead to a neutral short-term impact on SNV's stock price as investors weigh the lowered price target against the reaffirmed confidence in the stock's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100