Salomon Brothers analyst Andrew O. Brown Wednesday downgraded Synovus Financial Corp. to "hold" from "buy," saying the company's strong business already is reflected in its stock price.

Citing margin pressure, he also lowered his earning estimate for 1996 by a dime, to $1.75 per share. Synovus fell 50 cents to close at $18,875.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.