Truist Securities Maintains Buy on Pinnacle Finl Partners, Lowers Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jennifer Demba maintains a Buy rating on Pinnacle Financial Partners (PNFP) but reduces the price target from $100 to $93.

January 18, 2024 | 7:29 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Pinnacle Financial Partners but lowers the price target from $100 to $93.
While the Buy rating indicates continued confidence in Pinnacle Financial Partners' fundamentals, the reduction in the price target could suggest a more conservative view on the stock's valuation or potential headwinds. This mixed signal is likely to have a neutral short-term impact on the stock price as the positive sentiment from the Buy rating may be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100