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

Stephens analyst Russell Gunther raised the firm’s price target on Synovus (SNV) to $52 from $46 and keeps an Equal Weight rating on the shares. The company’s pre-provision net revenue beat the Street by 6c with a related guidance of $260M at the midpoint for Q4, nearly 5% above consensus expectations, the analyst tells investors in a research note. The firm expects revenue growth of 4% year over year in 2025 along with loan growth approaching normalized levels and further fee momentum, though a core efficiency of 54.8% is unchanged for the fiscal year, Stephens says.