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 22, 2024 | 1:00 pm
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Synovus Financial Corp. was downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform, with a price target reduction from $46 to $38.
The downgrade from Outperform to Market Perform by a reputable analyst firm, along with a significant reduction in the price target, is likely to negatively impact investor sentiment and the short-term stock price of Synovus Financial Corp. Analyst ratings and price target adjustments are critical factors that investors consider when making investment decisions, and such a downgrade could lead to a decrease in stock price as market participants adjust their expectations.
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