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Fly News Breaks for January 18, 2018
PNFP
Jan 18, 2018 | 07:14 EDT
SunTrust analyst Jennifer Demba lowered her price target on Pinnacle Financial to $80 after Q4 earnings but kept her Buy rating. Demba says that while net interest margins shrank 9bps to 3.33%, the bank also put out a higher fee income and lower credit loss provisioning. The analyst says Pinnacle Financial remains focused on controlling deposit costs amid strong loan growth.
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