Piper Sandler Downgrades Pinnacle Finl Partners to Neutral, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kevin Barker has downgraded Pinnacle Financial Partners (NASDAQ:PNFP) from Overweight to Neutral while raising the price target from $95 to $98.
July 18, 2024 | 9:51 am
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NEUTRAL IMPACT
Piper Sandler has downgraded Pinnacle Financial Partners from Overweight to Neutral, but raised the price target from $95 to $98.
The downgrade from Overweight to Neutral suggests a less bullish outlook on the stock, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $98 indicates some underlying confidence in the stock's value, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100