Goldman Sachs Maintains Neutral on Synovus Finl, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ryan Nash has maintained a Neutral rating on Synovus Financial Corp. (NYSE:SNV) and lowered the price target from $46 to $41.

April 19, 2024 | 2:47 pm
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Goldman Sachs maintains a Neutral rating on Synovus Financial Corp. and reduces the price target from $46 to $41.
The reduction in the price target by Goldman Sachs, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in SNV's stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a reassessment of the stock's value, which could impact investor perception and stock performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100