Keefe Bruyette analyst Catherine Mealor downgraded Synovus (SNV) to Market Perform from Outperform with a price target of $50, down from $65. The firm aligned its rating on Synovus with Pinnacle Financial (PNFP) into the pending merger. It lowered the price target to reflect the exchange ratio and its target for Pinnacle.
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Read More on SNV:
- Synovus downgraded to Market Perform from Outperform at Keefe Bruyette
- Synovus participatews in a conerence call with DA Davidson
- Synovus price target lowered to $53 from $55 at Evercore ISI
- Pinnacle Financial price target lowered to $104 from $133 at Stephens
- Synovus price target lowered to $54 from $60 at Stephens