Truist Securities Maintains Buy on Pinnacle Finl Partners, Lowers Price Target to $61
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Jennifer Demba maintains a 'Buy' rating on Pinnacle Financial Partners (NASDAQ:PNFP) but lowers the price target from $64 to $61.
June 29, 2023 | 3:40 pm
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NEUTRAL IMPACT
Pinnacle Financial Partners' price target has been lowered from $64 to $61 by Truist Securities, though the 'Buy' rating is maintained.
The news is directly about Pinnacle Financial Partners. The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintained 'Buy' rating suggests that the analyst still sees potential upside. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100