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PNFP

Pinnacle Financial

$59.58

-0.57 (-0.95%)

07:54
10/02/18
10/02
07:54
10/02/18
07:54

Pinnacle Financial price target lowered to $72 from $80 at Wells Fargo

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.

  • 05

    Nov

PNFP Pinnacle Financial
$59.58

-0.57 (-0.95%)

04/18/18
04/18/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. eBay (EBAY) upgraded to Overweight from Underweight at Morgan Stanley with analyst Brian Nowak saying he expects the company to start pulling away from PayPal (PYPL) and intermediating its own payments in 2018, with a planned full transition in mid-2020. 2. First Solar (FSLR) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying recent data is increasingly positive with unabated year-over-year Chinese solar demand, domestic safe harbor datapoints firming with a potential release in a couple months, firming domestic pricing, less likely import tariff exemptions, and a constructive cost trajectory for Series 65. 3. Dollar Tree (DLTR) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying while Dollar Tree's fiscal 2018 earnings guidance came up short of consensus expectations, management is correctly prioritizing long-term competitiveness over higher short-term profitability. 4. M&T Bank (MTB) upgraded to Neutral from Underperform at Baird with analyst David George citing its recent pullback as the shares have been hit hard and his belief this high quality bank should retain its premium valuation. 5. Pinnacle Financial (PNFP) upgraded to Outperform from Market Perform at Hovde Group and Fig Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/18
UBSW
06/11/18
NO CHANGE
Target $56
UBSW
Sell
Pinnacle Financial investor day reinforces funding concern, says UBS
UBS analyst Brock Vandervliet said Pinnacle Financial's investor day reinforced conviction in his funding pressure thesis. He said the headwind of NIM compression is strong enough that it overpowers the impressive loan growth, resulting in a lower level of NII growth. Vandervliet reiterated his Sell rating and $56 price target on Pinnacle Financial shares.
06/11/18
SPHN
06/11/18
NO CHANGE
Target $75
SPHN
Overweight
Pinnacle Financial sentiment much improved following investor day, says Stephens
Stephens analyst Tyler Stafford noted that Pinnacle Financial shares underperformed ahead of the company's investor day, which he attributes to investors questioning its core NIM trajectory and ability to achieve Street estimates given funding pressures. However, he believes sentiment is "much improved" from investors following the event, citing what he views as a clear comfort level from management around achieving and/or beating existing 2018 and 2019 EPS estimates and greater clarity around funding pressures, which Stafford said are mainly related to stronger than expected loan growth. He keeps an Overweight rating on Pinnacle Financial shares and bumped up his price target on the stock to $75 from $74.
08/23/18
JEFF
08/23/18
NO CHANGE
JEFF
Jefferies identifies six potential takeover targets for BB&T
Following BB&T's (BBT) recent bank comments regarding acquisitions and clarifications of its parameters, Jefferies analyst Ken Usdin identified six regional banks as potential takeover targets: BancorpSouth (BXS), First Horizon (FHN), Hancock Whitney (HWC), Iberiabank (IBKC), Pinnacle Financial (PNFP) and United Bankshares (UBSI). First Horizon and Iberiabank "look the best-fitting solely from a number perspective," Usdin tells investors in a research note. The analyst believes BB&T could pay "sizable control premiums" for both, namely 28% Iberiabank and 15% for First Horizon, while achieving earnings accretion in year one.

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SNY

Sanofi

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RTN

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IBCP

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EDIT

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LAD

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