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Synovus (SNV) Gets a Buy from Barclays

Synovus (SNV) Gets a Buy from Barclays

In a report released on July 17, Jared Shaw from Barclays maintained a Buy rating on Synovus, with a price target of $70.00. The company's shares closed yesterday at $55.74.
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Shaw covers the Financial sector, focusing on stocks such as Flagstar Financial, UMB Financial, and Webster Financial. According to TipRanks, Shaw has an average return of 1.3% and a 53.02% success rate on recommended stocks.
In addition to Barclays, Synovus also received a Buy from TR | OpenAI – 4o's Wes Branchor in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on Synovus (NYSE: SNV).
Based on Synovus' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $881.03 million and a net profit of $195.01 million. In comparison, last year the company earned a revenue of $901.6 million and had a net profit of $124.51 million
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