BofA analyst Ebrahim Poonawala lowered the firm’s price target on Pinnacle Financial (PNFP) to $110 from $113 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on PNFP:
- Pinnacle Financial price target lowered to $110 from $120 at RBC Capital
- Pinnacle Financial price target lowered to $130 from $135 at Barclays
- Pinnacle Financial upgraded to Buy from Neutral at UBS
- Pinnacle Financial price target lowered to $107 from $116 at Evercore ISI
- Pinnacle Financial price target lowered to $105 from $120 at JPMorgan