In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Synovus (SNV), with a price target of $40. The company’s shares closed yesterday at $32.70, close to its 52-week low of $29.93.
Stafford wrote:
“We will be traveling with SNV today and tomorrow in Colorado and Texas.Stephens Inc. Page 2 APPENDIX A ANALYST CERTIFICATION The analyst primarily responsible for the preparation of the content of this report certifies that (i) all views expressed in this report accurately reflect the analyst’s personal views about the subject company and securities, and (ii) no part of the analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in this report. REQUIRED DISCLOSURES The research analyst principally responsible for preparation of this report has received compensation that is based on the firm’s overall revenue which includes investment banking revenue.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.1% and a 51.0% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
Synovus has an analyst consensus of Strong Buy, with a price target consensus of $43.75.
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The company has a one-year high of $56.11 and a one-year low of $29.93. Currently, Synovus has an average volume of 1.62M.
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Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers.
