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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%)

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.
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.
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.
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.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

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BNGO

Bionano Genomics

$6.98

0.08 (1.16%)

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HEP

Holly Energy Partners

$30.73

-0.2 (-0.65%)

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  • 30

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SES

Synthesis Energy Systems

$1.70

-0.075 (-4.23%)

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Synthesis Energy Systems receives non-compliance letter from Nasdaq »

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$NYE

NYSE Market Internals

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ACET

Aceto

$2.17

(0.00%)

16:11
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Syndicate
Breaking Syndicate news story on Aceto »

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XLF

Financial Select Sector

$26.71

0.13 (0.49%)

, XLE

Energy Select Sector SPDR

$71.62

-0.55 (-0.76%)

16:09
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

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XLF

Financial Select Sector

$26.71

0.13 (0.49%)

XLE

Energy Select Sector SPDR

$71.62

-0.55 (-0.76%)

XLI

Industrial Select Sector SPDR

$73.32

-0.16 (-0.22%)

SPY

SPDR S&P 500 ETF Trust

$276.77

0.44 (0.16%)

SPX

S&P 500

$0.00

(0.00%)

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PYPL

PayPal

$84.97

7.47 (9.64%)

, AXP

American Express

$106.95

4.09 (3.98%)

16:07
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General news
Fly Intel: Wall Street's top stories for Friday »

Stocks opened in positive…

PYPL

PayPal

$84.97

7.47 (9.64%)

AXP

American Express

$106.95

4.09 (3.98%)

CLF

Cleveland-Cliffs

$11.07

-0.4 (-3.49%)

AIG

AIG

$47.28

-1.345 (-2.77%)

DWDP

DowDuPont

$57.48

-1.12 (-1.91%)

AAPL

Apple

$220.01

4.03 (1.87%)

SKX

Skechers

$29.75

3.7 (14.20%)

PG

Procter & Gamble

$87.65

7.335 (9.13%)

EBAY

eBay

$28.85

-2.71 (-8.59%)

OZK

Bank OZK

$25.37

-9.48 (-27.20%)

LLNW

Limelight Networks

$4.22

-0.85 (-16.77%)

03/08/13
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  • 19

    Oct

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  • 19

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    Oct

  • 30

    Oct

  • 01

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    Nov

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    Nov

  • 26

    Nov

  • 03

    Mar

MSBI

Midland States

$28.26

-0.67 (-2.32%)

16:07
10/19/18
10/19
16:07
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Hot Stocks
Midland States announces CEO succession plan »

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  • 26

    Oct

VALU

Value Line

$25.00

(0.00%)

16:05
10/19/18
10/19
16:05
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16:05
Hot Stocks
Value Line authorizes repurchase of $2M in common stock »

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NAVG

Navigators

$69.31

0.1 (0.14%)

, HIG

Hartford Financial

$46.71

0.2 (0.43%)

16:05
10/19/18
10/19
16:05
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16:05
Hot Stocks
Navigators: HSR waiting period expires for merger with Hartford subsidiary »

The Navigators Group…

NAVG

Navigators

$69.31

0.1 (0.14%)

HIG

Hartford Financial

$46.71

0.2 (0.43%)

03/08/13
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  • 14

    Nov

GBL

GAMCO Investors

$21.03

-0.1 (-0.47%)

, TPCO

Tribune Publishing

$15.27

-0.03 (-0.20%)

16:05
10/19/18
10/19
16:05
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16:05
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Tribune Publishing »

Gabelli reports 5.47%…

GBL

GAMCO Investors

$21.03

-0.1 (-0.47%)

TPCO

Tribune Publishing

$15.27

-0.03 (-0.20%)

03/08/13
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FPRX

Five Prime

$14.30

0.05 (0.35%)

16:02
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Hot Stocks
Breaking Hot Stocks news story on Five Prime »

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GM

General Motors

$31.19

0.11 (0.35%)

16:02
10/19/18
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16:02
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16:02
Periodicals
GM investors not satisfied with CEO Barra's results, Reuters says »

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  • 31

    Oct

BCBP

BCB Bancorp

$13.25

0.15 (1.15%)

16:01
10/19/18
10/19
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16:01
Earnings
BCB Bancorp reports Q3 EPS 27c, consensus 28c »

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IWM

iShares Trust Russell 2000 Index Fund

$153.34

-1.625 (-1.05%)

, RUT

Russell 2000 Index

$0.00

(0.00%)

15:44
10/19/18
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15:44
Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

The Russell 2000 (RUT) at…

IWM

iShares Trust Russell 2000 Index Fund

$153.34

-1.625 (-1.05%)

RUT

Russell 2000 Index

$0.00

(0.00%)

03/08/13
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USO

United States Oil Fund

$14.69

0.125 (0.86%)

15:40
10/19/18
10/19
15:40
10/19/18
15:40
Options
Call buyers in US Oil Fund as crude oil ticks higher »

Call buyers in US Oil…

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MCHP

Microchip

$67.36

-0.18 (-0.27%)

15:35
10/19/18
10/19
15:35
10/19/18
15:35
Options
Microchip put volume heavy and directionally bearish »

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  • 07

    Nov

15:20
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10/19
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

CLF

Cleveland-Cliffs

$10.92

-0.55 (-4.80%)

15:18
10/19/18
10/19
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15:18
Hot Stocks
Breaking Hot Stocks news story on Cleveland-Cliffs »

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  • 19

    Oct

CLF

Cleveland-Cliffs

$10.86

-0.61 (-5.32%)

15:17
10/19/18
10/19
15:17
10/19/18
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Hot Stocks
Breaking Hot Stocks news story on Cleveland-Cliffs »

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  • 19

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
NASDAQ market internals summary »

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ACRX

AcelRx

$3.77

-0.38 (-9.16%)

15:16
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AcelRx responds to FDA advisory committee opinions on Dsuvia »

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  • 03

    Nov

CLF

Cleveland-Cliffs

$10.89

-0.58 (-5.06%)

15:16
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10/19
15:16
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15:16
Hot Stocks
Cleveland-Cliffs CEO, after berating analysts, says would handle call same way »

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  • 19

    Oct

$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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