Synovus to Acquire FCB Financial Holdings, Inc. for $2.9 Billion

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Stephens Downgrades Synovus Financial (SNV) to Equal Weight

July 24, 2018 8:06 AM EDT

Stephens downgraded Synovus Financial (NYSE: SNV) from Overweight to Equal Weight with a price target of $56.00 (from $59.00).

Analyst Tyler Stafford says the FCB deal muddies the water for the company. He believes the transaction will catch a majority of shareholders off... More