Synovus price target lowered to $46 from $52 at Stephens

Stephens analyst Russell Gunther lowered the firm’s price target on Synovus (SNV) to $46 from $52 and keeps an Equal Weight rating on the shares. A net interest margin beat, with run rates trending higher versus the firm’s prior forecast and lower expenses offsetting softer fees, results in a 1% raise to the firm’s FY25 pre-provision net revenue outlook, the analyst tells investors.