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Fly News Breaks for July 24, 2018
FCB, SNV
Jul 24, 2018 | 08:08 EDT
Stephens analyst Tyler Stafford downgraded Synovus (SNV) to Equal Weight from Overweight, stating that its deal to acquire FCB Financial (FCB) "muddies the waters of an otherwise clean story." He thinks the deal will catch the majority of Synovus' investor base off guard and lowered his price target on the stock to $56 from $59.
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