JP Morgan Maintains Overweight on Synovus Finl, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains an Overweight rating on Synovus Financial (NYSE:SNV) but lowers the price target from $55 to $52.
October 09, 2024 | 8:34 pm
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JP Morgan has maintained its Overweight rating on Synovus Financial but has lowered the price target from $55 to $52, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Synovus Financial's performance, but the lowered price target indicates a tempered outlook, likely leading to a slight negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100