Truist analyst John McDonald raised the firm’s price target on Pinnacle Financial (PNFP) to $129 from $127 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm cites the company’s higher revenues, reflecting stronger loan and net interest income growth, as well as the management’s improved fee income outlook, the analyst tells investors in a research note.
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Read More on PNFP:
- Pinnacle Financial price target raised to $140 from $134 at Citi
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- Pinnacle Financial price target raised to $127 from $123 at Truist