DA Davidson Maintains Buy on Synovus Finl, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Kevin Fitzsimmons has maintained a Buy rating on Synovus Financial Corp. (SNV) but lowered the price target from $45 to $43.

April 19, 2024 | 4:21 pm
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DA Davidson maintains a Buy rating on Synovus Financial Corp. but lowers the price target from $45 to $43.
The adjustment in price target by DA Davidson reflects a slightly moderated but still positive outlook on Synovus Financial Corp. While the reduction in price target could imply a tempered expectation for the stock's short-term performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against the backdrop of a sustained Buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100