Morgan Stanley Maintains Equal-Weight on Synovus Finl, Maintains $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Synovus Financial Corp. (SNV) and keeps the price target at $37.
April 22, 2024 | 5:31 pm
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Morgan Stanley reaffirms an Equal-Weight rating on Synovus Financial Corp. with a $37 price target.
The reaffirmation of the Equal-Weight rating and price target by Morgan Stanley suggests a neutral outlook on SNV's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current price level, neither undervalued nor overvalued. Therefore, the impact on the stock price is likely to be minimal in the short term, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90