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SNV

Synovus

$32.53

0.55 (1.72%)

08:10
10/03/16
10/03
08:10
10/03/16
08:10

Synovus completes acquisition of Entaire Global for $30M

Synovus Financial announced the completion of its acquisition of Entaire Global Companies, an Atlanta-based specialty financial services company. Under the terms of the agreement, Synovus acquired Entaire for an up-front payment of $30M in common stock and cash, with potential additional payments to Entaire's stockholders over the next three to five years based on Entaire's earnings.

  • 18

    Oct

  • 01

    Nov

SNV Synovus
$32.53

0.55 (1.72%)

08/23/16
WELS
08/23/16
DOWNGRADE
WELS
Underperform
Synovus downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Jared Shaw downgraded Synovus to Underperform citing premium valuation with below peer profitability.
06/29/16
06/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. HeartWare (HTWR) downgraded to Equal Weight from Overweight at Barclays by analyst Matthew Taylor, saying he does not expect a competing takeover bid to Medtronic's (MDT) offer. The analyst raised his price target for the shares to $58 from $35. Similarly, shares were downgraded to Market Perform from Outperform at Wells Fargo, with analyst Larry Biegelsen saying he sees a low likelihood that a higher bidder will emerge. The analyst believes Medtronic paid a fair valuation for HeartWare. HeartWare was also downgraded to Neutral from Buy at BTIG. 2. Esperion (ESPR) downgraded to Neutral from Overweight at JPMorgan by analyst Jessica Fye, who slashed her price target for shares to $15 from $50. The analyst says last night's regulatory update is a net negative. Disappointingly, the FDA did not sign off on the use of LDL-C lowering as an acceptable regulatory endpoint for approval of bempedoic acid for the treatment of statin-intolerant patients, Fye tells investors in a research note. The analyst still believes bempedoic acid is an effective LDL-C lowering agent, but now sees a drawn out path to approval in the U.S. Esperion was also downgraded to Underperform at Neutral at Credit Suisse by analyst Vamil Divan, who says the update on the development plans for bempedoic acid leaves him increasingly concerned about the products outlook in the U.S. market. The analyst was surprised that the FDA may not be willing to allow LDL-C as a surrogate endpoint for initial approval but believes there will be significant pressure, and limited upside, on shares until that certainty is obtained, and that process may take years to play out. Esperion was also downgraded to Sector Perform from Outperform at RBC Capital. 3. Comerica (CMA) downgraded to Underperform from Neutral at BofA/Merrill, which reduced its price target to $36 from $45. The firm's analyst lowered estimates 8% below consensus for 2016 and 17% below consensus in 2017 due to low rates that will pressure spread revenue growth, slower U.S. economic growth, and continued reserve build. The firm also downgraded Regions Financial (RF), Synovus (SNV), Texas Capital (TCBI) and Franklin Financial Network (FSB) to Neutral from Buy, as well as Zions Bancorp (ZION) to Underperform from Neutral. 4. comScore (SCOR) downgraded to Neutral from Positive at Susquehanna, citing uncertainty surrounding its accounting issues. The firm continues to like the long-term fundamental story, but with an unclear timeline for its resolution, they are moving to the sidelines. Susquehanna lowered its price target to $18 from $30 on comScore shares. 5. Harman (HAR) downgraded to Sector Perform from Outperform at RBC Capital partly based on the low number of new car launches next year, the firm's forecast for reduced production by the company's European customers, and the firm's reduction in its U.S. auto production versus its previous forecast. Additionally, the firm expects GM (GM) to delay a number of its connected car launches that had been slated for fiscal 2017 until fiscal 2018. The firm lowered its price target to $73 from $85. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/29/16
BOFA
06/29/16
DOWNGRADE
Target $30
BOFA
Neutral
Synovus downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded Synovus to Neutral and lowered its price target to $30 based on a slowing growth outlook, challenges on improving ROA in a low rate environment, and lack of larger bank M&A activity.
04/20/16
04/20/16
DOWNGRADE

Market Perform
Synovus downgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James downgraded Synovus to Market Perform from Outperform. Analyst Michael Rose said Q1 results were modestly below consensus and downgraded shares citing balanced risk/reward.

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BIIB

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SNY

Sanofi

$40.40

0.63 (1.58%)

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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TACO

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-0.39 (-2.58%)

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UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

Baxalta

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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BSX

Boston Scientific

$20.81

0.2 (0.97%)

, NVRO

Nevro

$76.38

-1.88 (-2.40%)

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Boston Scientific files patent infringement suit against Nevro »

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BSX

Boston Scientific

$20.81

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NVRO

Nevro

$76.38

-1.88 (-2.40%)

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  • 12

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RTN

Raytheon

$146.30

0.14 (0.10%)

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CX

CEMEX

$8.77

-0.16 (-1.79%)

17:18
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PDEX

PRO-DEX

$4.48

0.034 (0.76%)

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PFBX

Peoples Financial

$14.50

-0.5 (-3.33%)

17:02
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QUIK

QuickLogic

$0.94

-0.0163 (-1.71%)

17:00
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Breaking Syndicate news story on QuickLogic »

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STRZA

Starz

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BEL

Belmond

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, LXFT

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MS

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FUL

H.B. Fuller

$50.36

0.05 (0.10%)

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CDXS

Codexis

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Boeing

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, AMZN

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LLY

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BIIB

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MYL

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Sky

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FOX

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Costco

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AVGO

Broadcom

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OXM

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H&R Block

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DYN

Dynegy

$8.98

0.77 (9.38%)

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Dynegy, Genco receive votes in favor of Genco plan of reorganization »

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MBII

Marrone Bio

$2.29

-0.11 (-4.58%)

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