Synovus price target lowered to $65 from $70 at Barclays

Barclays lowered the firm’s price target on Synovus (SNV) to $65 from $70 and keeps an Overweight rating on the shares. The firm updated the company’s model post the merger announcement with Pinnacle Financial (PNFP). This is biggest deal among mid-cap banks in a while and will create $116B “asset powerhouse” in the Southeast, the analyst tells investors in a research note.