Truist analyst John McDonald lowered the firm’s price target on Pinnacle Financial (PNFP) to $105 from $107 and keeps a Buy rating on the shares as part of a broader research note on Regional Banks, updating the firm’s models following their Q3 results. The firm is raising its estimates on higher revenue but revising its price target down pending the Pinnacle-Synovus deal closing in early 2026, the analyst tells investors in a research note.
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Read More on PNFP:
- Pinnacle Financial price target lowered to $97 from $104 at Stephens
- Synovus price target lowered to $51 from $54 at Stephens
- Pinnacle Financial price target lowered to $100 from $110 at Wells Fargo
- Pinnacle Financial upgraded to Outperform from Market Perform at Hovde Group
- Pinnacle Financial reports Q3 EPS $2.27, consensus $2.04