Synovus upgraded to Outperform from Market Perform at Keefe Bruyette Keefe Bruyette upgraded Synovus last night to Outperform citing the recent pullback in shares. The firm keeps a $26.25 price target for the stock.
News For SNV From The Last 14 Days
Check below for free stories on SNV the last two weeks.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
Synovus sees slight downward pressure on NIM during 2H14 Says annualized loan growth expected to exceed 4% for 2H14. Says closing of 13 bank branches across five state footprint planned for Q4, sees total restructuring charges related to closures of approximately $13M. Says implementation of new expense savings of approximately $30M remains on track. Comments from slides that will be presented at the Barclays Global Financial Services Conference.