Barclays lowered the firm’s price target on Pinnacle Financial (PNFP) to $120 from $125 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the mid-cap banks. Loan growth and deposit cost control should help drive earnings beats and positive guidance revisions, the analyst tells investors in a research note. Barclays believes another quarter of “clean credit” and good balance sheet trends “could pull investors off the sidelines.”
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