Pinnacle Financial price target lowered to $95 from $104 at UBS

UBS analyst Nicholas Holowko lowered the firm’s price target on Pinnacle Financial (PNFP) to $95 from $104 and keeps a Neutral rating on the shares. While it’s still early days since the merger was announced, UBS thinks it will be some time before the stock has a clear catalyst path to re-rate higher, the analyst tells investors in a research note.