Synovus Financial Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Core Insights - Synovus Financial Corp. is set to release its third-quarter earnings results on October 15, with analysts expecting earnings of $1.35 per share, an increase from $1.23 per share in the same period last year [1] - The company projects quarterly revenue of $603.18 million, up from $564.72 million a year earlier [1] - An $8.6 billion all-stock merger between Pinnacle and Synovus was announced on July 24 [1] Stock Performance - Shares of Synovus Financial increased by 3.6%, closing at $47.84 [2] Analyst Ratings - Truist Securities analyst David Smith maintained a Buy rating but reduced the price target from $58 to $56 [4] - Keefe, Bruyette & Woods analyst Brady Gailey downgraded the stock from Outperform to Market Perform, lowering the price target from $65 to $50 [4] - Stephens & Co. analyst Russell Gunther maintained an Equal-Weight rating and cut the price target from $60 to $54 [4] - Barclays analyst Jared Shaw kept an Overweight rating but decreased the price target from $70 to $65 [4] - DA Davidson analyst Gary Tenner maintained a Buy rating and raised the price target from $60 to $63 [4]