Moody's Upgrades Synovus Outlook to Positive
- Stock Rising 73% Annualized
12/12/03
Today Moody's Investors Service upgraded the outlook for the
long-term ratings of Synovus Financial to positive from stable.
Reasons given included the recent strong earnings despite
a weak economy, and a strong profitability outlook due in
part to stable earnings forecasts.
We recommended buying Synovus in May. The
stock has risen 40% since then, an annualized rate of 72%
per year.
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