Piper Sandler upgraded Pinnacle Financial (PNFP) to Overweight from Neutral with a price target of $120, up from $117. Following underperformance in 2025, the shares are “poised to rebound” as investors see the financial benefits of the Synovus deal, the analyst tells investors in a research note. Piper thinks the “current investor distaste for deal stocks should dissipate over time as positive results are delivered.”
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