Pinnacle Financial Partners shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral despite raising its price target from $95 to $98.
Portfolio Pulse from Benzinga Newsdesk
Pinnacle Financial Partners shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral despite raising its price target from $95 to $98.
July 18, 2024 | 1:25 pm
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NEGATIVE IMPACT
Pinnacle Financial Partners shares are experiencing a decline following Piper Sandler's downgrade from Overweight to Neutral. Despite the downgrade, the price target was raised from $95 to $98.
The downgrade from Overweight to Neutral by Piper Sandler is likely causing investor concern, leading to a short-term decline in PNFP's stock price. The raised price target to $98 may provide some support, but the downgrade's impact is more immediate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100