Barclays lowered the firm’s price target on Pinnacle Financial (PNFP) to $130 from $135 and keeps an Overweight rating on the shares. The firm adjusted targets in the mid-cap bank group as part of a Q1 preview. Loan growth and net interest income trends “look strong” but Barclays has more questions around credit relative to the start of the year as energy prices, AI disruption, and layoff activity “inject uncertainty,” the analyst tells investors in a research note.
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Read More on PNFP:
- 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
- Pinnacle Financial price target lowered to $114 from $119 at Truist
- Pinnacle Financial to join KBW Nasdaq Bank Index