Synovus price target lowered to $60 from $65 at DA Davidson

DA Davidson lowered the firm’s price target on Synovus (SNV) to $60 from $65 and keeps a Buy rating on the shares. The company’s Q1 results represent a strong jumping off point for 2025, with net interest income at the higher end of the range, core net interest margin expansion, and well-controlled expenses, the analyst tells investors in a research note. The firm adds however that its new price target reflects growing economic uncertainty related to the potential impact of tariffs on the U.S. economy.