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SNV

Synovus

$35.46

0.46 (1.31%)

, FCB

Bought by SNV

$0.00

(0.00%)

06:08
01/22/19
01/22
06:08
01/22/19
06:08

Synovus upgraded to Overweight from Neutral at Piper Jaffray

Piper Jaffray analyst Kevin Barker upgraded Synovus Financial to Overweight and raised his price target for the shares to $45 from $44. Synovus' quarter brought more clarity on the results of its balance sheet adjustments for FCB Financial, Barker tells investors in a research note. The analyst says he now "feels more comfortable about the fundamental outlook for the bank." Barker finds the stock's risk/reward as "very attractive" at current share levels.

SNV

Synovus

$35.46

0.46 (1.31%)

FCB

Bought by SNV

$0.00

(0.00%)

SNV Synovus
$35.46

0.46 (1.31%)

01/10/19
LEHM
01/10/19
NO CHANGE
LEHM
Barclays upgrades Mid-Cap Banks industry to Positive from Neutral
Barclays analyst Matthew Keating upgraded his view on the U.S. Mid-Cap Banks industry to Positive from Neutral. There seems to be a lot less enthusiasm for the banks this year, Keating tells investors in a research note. The focus this year is on rising trade tensions, slowing global growth, and chance of a recession, says the analyst. However, he believes the slide in bank stock sentiment creates opportunities for investors "willing to withstand some volatility in the near term." Along with the sector, Keating upgraded Synovus Financial (SNV) and Texas Capital (TCBI) to Overweight from Equal Weight and Bank OZK (OZK) and People's United Financial (PBCT) to Equal Weight from Underweight. Based on his relative ratings system, he downgraded Prosperity Bancshares (PB) to Equal Weight from Overweight and New York Community Bancorp (NYCB) to Underweight from Equal Weight.
01/10/19
LEHM
01/10/19
UPGRADE
Target $45
LEHM
Overweight
Synovus upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Matthew Keating upgraded Synovus Financial to Overweight while lowering his price target for the shares to $45 from $47.
01/04/19
RHCO
01/04/19
NO CHANGE
Target $38
RHCO
Buy
Synovus price target lowered to $38 from $47 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Synovus to $38 to reflect the January 2nd closing date of its FCB Financial acquisition as well as the reduced industry valuation. The analyst also keeps her Buy rating on Synovus and expects the company's "stable core deposit base" to support its net interest margins. Demba adds that Synovus shares are attractively priced at 9-times her expected forward earnings.
12/20/18
12/20/18
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Humana (HUM) upgraded to Overweight from Neutral at JPMorgan with analyst Gary Taylor saying the upgrade reflects the "significant" recent pullback in the shares, Humana's accelerating market share gains, its "attractive" Medicare Advantage exposure, and "conservative" balance sheet. 2. Ericsson (ERIC) upgraded to Market Perform from Underperform at Raymond James. 3. Patterson-UTI (PTEN) and Halliburton (HAL) were upgraded to Buy from Hold at Societe Generale. 4. PPG (PPG) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan citing the potential tailwind coming from more favorable pricing in raw materials like oil and titanium dioxide. 5. Synovus (SNV) upgraded to Outperform from Neutral at Baird with analyst Garrett Holland saying core trends should remain solid with better relative loan growth, rising capital return and further efficiency improvement. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FCB Bought by SNV
$0.00

(0.00%)

12/20/18
BARD
12/20/18
UPGRADE
Target $44
BARD
Outperform
Synovus assumed at Outperform from Neutral at Baird
Baird analyst Garrett Holland assumed coverage of Synovus (SNV), upgrading the stock to Outperform with a $44 price target. In a research note to investors, Holland says core trends should remain solid with better relative loan growth, rising capital return and further efficiency improvement. He also thinks the FCB Financial (FCB) transaction should be favorable, despite investor skepticism and negative sentiment.
11/12/18
MSCO
11/12/18
UPGRADE
Target $50
MSCO
Overweight
Synovus upgraded to Overweight following midcap selloff at Morgan Stanley
As previously reported, Morgan Stanley analyst Ken Zerbe upgraded Synovus (SNV) to Overweight from Equal Weight following the recent selloff in midcap banks, stating that he believes the market is overlooking its above-peer profitability after the acquisition of FCB Financial (FCB)closes. Zerbe also sees Synovus making "aggressive" share repurchases, he tells investors. He maintains a $50 price target on Synovus shares. The analyst also upgraded Comerica (CMA) to Overweight following the recent selloff in midcap banks.
11/08/18
KBWI
11/08/18
UPGRADE
Target $58
KBWI
Outperform
FCB Financial upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brady Gailey upgraded FCB Financial (FCB) to Outperform while lowering his price target for the shares to $58 from $61. The analyst is syncing the rating to Synovus Financial (SNV), which he upgraded tonight to Outperform.
10/24/18
RBCM
10/24/18
NO CHANGE
Target $48
RBCM
Outperform
Synovus price target lowered to $48 from $55 at RBC Capital
RBC Capital analyst Jake Civiello lowered his price target on Synovus (SNV) to $48 after its Q3 results which he says also reflects the peer valuation multiple of 12-times forward earnings. The analyst also keeps his Outperform rating on Synovus based on its "consistent loan growth trajectory, careful credit consciousness, potential for profitability improvement through business model refinement and cost rationalization efforts", but warns about execution risk related to the FCB Financial (FCB) merger.

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ALDX

Aldeyra

$10.89

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TPX

Tempur Sealy

$57.11

0.9 (1.60%)

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ENDP

Endo

$8.90

0.635 (7.68%)

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LUV

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$49.19

0.5 (1.03%)

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CRTO

Criteo

$19.24

-2.75 (-12.51%)

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SYNA

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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GLPG

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