DA Davidson Reiterates Buy Rating on Synovus Financial (SNV)

DA Davidson analyst Gary P. Tenner reiterated a Buy rating and $65.00 price target on Synovus Financial (NYSE: SNV).

The analyst commented, " Overall solid quarter for SNV with better than projected EPS and PPNR/ share, modest EOP loan growth, and improved credit metrics. The top end of 2025 loan growth guidance was lowered modestly (now 3%-5% vs. 3%-6%), suggesting improving momentum expectations remain in place, with the lower top end of the revenue growth range essentially offset by a lower top end of NIE growth. Despite improved credit metrics, the ACL release may be a focus of Thursday's early trading, given market sensitivity over economic risks."

For an analyst ratings summary and ratings history on Synovus Financial click here. For more ratings news on Synovus Financial click here.

Shares of Synovus Financial closed at $40.52 yesterday.

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