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Fly News Breaks for January 29, 2016
AVNU, PNFP
Jan 29, 2016 | 07:29 EDT
Stephens analyst Tyler Stafford said Pinnacle Financial's (PNFP) acquisition of Avenue Financial (AVNU) "could not have been better scripted," pointing to the their franchises' similarities and his belief that should aid with integration. Stafford, who expects more M&A announcements from Pinnacle, upgraded the stock to Overweight and increased his price target to $60 from $53.
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