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 22, 2024 | 2:09 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Synovus Financial Corp. and reduces the price target from $46 to $41.
The reduction in price target by a prominent analyst like Goldman Sachs can lead to negative investor sentiment in the short term, potentially causing a decrease in stock price. The Neutral rating suggests no significant upside or downside from current levels, but the lowered target indicates a reassessment of the stock's value, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100