Keefe Bruyette analyst Catherine Mealor downgraded Pinnacle Financial (PNFP) to Market Perform from Outperform with a price target of $135, up from $115. After a period of outperformance, Pinnacle Financial is now trading at a “deserved premium to peers,” the analyst tells investors in a research note. The firm now sees limited relative upside from current levels.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNFP:
- Pinnacle Financial price target raised to $120 from $104 at Wells Fargo
- Pinnacle Financial downgraded to Market Perform from Outperform at Hovde Group
- Pinnacle Financial price target raised to $123 from $113 at Citi
- Pinnacle Financial price target raised to $120 from $108 at Stephens
- Pinnacle Financial price target raised to $104 from $100 at Wells Fargo