Analyst upgrades Synovus, calls bank takeover target
Press release from the issuing company
Thursday, June 17th, 2010
Analysts at Credit Suisse upgraded Synovus Financial Corp. to neutral from underperform Wednesday, according to a report from MarketWatch.
Columbus, Ga.-based Synovus (NYSE: SNV) has been roiled by the fallout of the real estate markets, and recently raised $1.1 billion in investor capital the banking company said would get it through the current cycle. (read more at Atlanta Business Chronicle)
