Synovus Financial (SNV) PT Lowered to $42 at Raymond James

June 18, 2019 7:23 AM EDT
Get Alerts SNV Hot Sheet
Price: $41.09 +1.11%

Rating Summary:
    17 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 11 | New: 19
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Raymond James analyst Michael Rose lowered the price target on Synovus Financial (NYSE: SNV) to $42.00 (from $44.00) while maintaining a Strong Buy rating.

  • positive on increase in its share repurchase program from $400 million up to $725 million
  • PT cut to reflect lower industry P/E and P/TBV multiples in the banking sector

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