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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 09:32 EDT
DA Davidson analyst Kevin Fitzsimmons lowered the firm's price target on Synovus to $35 from $42 but keeps a Buy rating on the shares. The analyst sees a less favorable operating environment for the company driven by lower interest rates amid the coronavirus outbreak, even though he sees those concerns mitigated by the bank's newly disclosed targets on its efficiency program. Fitzsimmons is also lowering his expected FY20 and FY21 EPS views by 28c and 10c respectively to $3.16 and $3.67.
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