Keefe, Bruyette & Woods Downgrades Synovus Finl to Market Perform, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Brady Gailey downgrades Synovus Financial Corp. (SNV) from Outperform to Market Perform and lowers the price target from $46 to $38.

April 19, 2024 | 5:16 pm
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Synovus Financial Corp. downgraded from Outperform to Market Perform with a reduced price target from $46 to $38 by Keefe, Bruyette & Woods.
The downgrade of Synovus Financial Corp. by a reputable analyst firm like Keefe, Bruyette & Woods, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment and the stock's short-term price movement. Analyst ratings and price targets are critical factors that investors consider when making investment decisions, and a downgrade with a lower price target usually leads to a decrease in stock price as it reflects a less optimistic outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100