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Jefferies Keeps Their Buy Rating on Synovus (SNV)

Jefferies analyst Ken Usdin maintained a Buy rating on Synovus (SNVResearch Report) on January 21 and set a price target of $57.00. The company’s shares closed last Monday at $51.11.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 25.2% and a 77.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Texas Capital Bancshares.

Synovus has an analyst consensus of Strong Buy, with a price target consensus of $59.30, representing a 16.1% upside. In a report issued on January 21, J.P. Morgan also maintained a Buy rating on the stock with a $63.00 price target.

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The company has a one-year high of $53.85 and a one-year low of $38.42. Currently, Synovus has an average volume of 880.9K.

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Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.

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