B of A Securities Maintains Buy on Synovus Finl, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ebrahim Poonawala maintains a Buy rating on Synovus Financial Corp. (SNV) but lowers the price target from $44 to $40.

April 19, 2024 | 10:42 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Synovus Financial Corp. but lowers the price target from $44 to $40.
The adjustment in price target by B of A Securities reflects a recalibration of expectations for Synovus Financial Corp., possibly due to market conditions or company performance. The maintenance of a Buy rating indicates a positive outlook on the stock, suggesting that the analyst sees potential for growth or recovery. However, the reduction in the price target could temper investor expectations for the stock's short-term price performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100