BofA analyst Ebrahim Poonawala raised the firm’s price target on Synovus to $48 from $41 and keeps a Buy rating on the shares after the company reported Q2 adjusted EPS that topped the firm’s “consensus-like” estimate, with the beat driven by stronger revenues. The firm raised its price target on the back of EPS revisions and roll forward in methodology to 2025 from 2024, the analyst explains.
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