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Fly News Breaks for February 5, 2018
PNFP
Feb 5, 2018 | 06:56 EDT
Stephens analyst Tyler Stafford upgraded Pinnacle Financial to Overweight from Equal Weight, as he believes the market has largely ignored the associated EPS accretion from its deal for BNC Bancorp, noting Pinnacle's stock is trading at virtually the same as price prior to announcing its BNC deal. The analyst, who also cites the benefits of tax reform and accelerating fundamentals from the legacy franchise, raised his price target on Pinnacle Financial shares to $74 from $72.
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