Stephens lowered the firm’s price target on Pinnacle Financial to $102 from $109 and keeps an Overweight rating on the shares. At $49B in assets, Pinnacle “is in the sweet spot size-wise,” while an above-peer fee-to-revenue mix contributes to an above-peer profitability profile, the analyst tells investors as the firm transfers coverage.
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Read More on PNFP:
- Insider Trading: Pinnacle Financial Partners (NASDAQ:PNFP) Insiders Sell Shares Worth $15M
- Pinnacle Financial Chairman McCabe sells over $9M in shares
- Pinnacle Financial Partners’ Governance and Strategy Affirmed at Annual Meeting
- Pinnacle Financial price target lowered to $94 from $99 at Truist
- Pinnacle Financial reports Q1 EPS $1.57, consensus $1.54