Barclays Maintains Equal-Weight on Synovus Finl, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has maintained an Equal-Weight rating on Synovus Financial Corp. (NYSE:SNV) and lowered the price target from $42 to $39.

April 19, 2024 | 3:05 pm
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Barclays has maintained an Equal-Weight rating on Synovus Financial Corp. but lowered the price target from $42 to $39.
The reduction in price target by Barclays, a major financial institution, suggests a revised outlook on the stock's value, potentially leading to a negative short-term impact on its stock price. The Equal-Weight rating indicates that the analyst views the stock as adequately valued at its current price, but the lowered target suggests expectations of limited upside potential or increased risk.
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