Synovus price target lowered to $50 from $60 at Wells Fargo

Wells Fargo analyst Timur Braziler lowered the firm’s price target on Synovus (SNV) to $50 from $60 and keeps an Equal Weight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.