Pinnacle Financial price target raised to $125 from $120 at Wells Fargo

Wells Fargo raised the firm’s price target on Pinnacle Financial (PNFP) to $125 from $120 and keeps an Equal Weight rating on the shares. Pacing the group for Q4 results, and a 2025 guidance that has upside potential, the firm says. Unfortunately, this is already largely priced in, with shares trading at a meaningful premium to the group, it adds. Wells sees better value elsewhere.