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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Synovus Financial Corp.

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Synovus Shows Stability in Expense Savings - Analyst Blog

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Synovus Financial Corp. (NYSE: SNV), and slightly raised its price target from $2.25 to $2.50.

Jefferies noted, “Synovus began to show progress on core earnings power in 3Q12, with loans showing modest growth, NIM improving, and continued progress on expense saves. The company also solidified timing around recapture of its DTA (effectively 1H13), which should lead to TARP redemption. We build each event into our model.”

Synovus Financial Corp. closed on Tuesday at $2.44.

Latest Ratings for SNV

Sep 2015SunTrust Robinson HumphreyMaintainsBuy
Jul 2015BarclaysMaintainsUnderweight
Jul 2015Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for SNV
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


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