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Fly News Breaks for October 2, 2018
PNFP
Oct 2, 2018 | 07:54 EDT
Wells Fargo analyst Jared Shaw lowered his price target for Pinnacle Financial to $72 from $80 as he takes a more cautious view on the broader mid-cap group as a combination of accelerating deposit betas and a lingering perception of a nearing credit cycle pressure valuation multiples. He reiterates an Outperform rating on the shares.