Barclays raised the firm’s price target on Pinnacle Financial (PNFP) to $140 from $125 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. The firm believes valuations in the group still largely underappreciate an improving operating and regulatory backdrop.
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Read More on PNFP:
- Pinnacle Financial price target raised to $134 from $126 at Citi
- Pinnacle Financial price target raised to $125 from $115 at JPMorgan
- Pinnacle Financial initiated with a Buy at Jefferies
- Pinnacle Financial initiated with a Buy at Truist
- Pinnacle Financial price target raised to $124.50 from $111 at Hovde Group