Wells Fargo lowered the firm’s price target on Pinnacle Financial (PNFP) to $100 from $110 and keeps an Equal Weight rating on the shares. The firm says that it is hard to get excited until the deal is closed, integrated, and results demonstrated, which is 2027 at the earliest. Until then, Wells thinks a peer multiple is warranted, with limited opportunity for outperformance.
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Read More on PNFP:
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