Synovus shares are trading lower after Raymond James downgraded the stock from Strong Buy to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Synovus shares dropped following a downgrade by Raymond James from Strong Buy to Market Perform.
April 18, 2024 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Synovus shares are expected to face short-term pressure following the downgrade by Raymond James.
Analyst ratings, especially downgrades from high conviction ratings like 'Strong Buy' to neutral stances such as 'Market Perform', can significantly impact investor sentiment and stock prices in the short term. Given the downgrade by a reputable firm like Raymond James, it's likely that Synovus shares will experience selling pressure as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100