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Fly News Breaks for January 8, 2019
Jan 8, 2019 | 05:34 EDT
UBS analyst Brock Vandervliet upgraded Pinnacle Financial Partners to Neutral with an unchanged price target of $50. The analyst says that with with the stock down 30% in 2018 and trading at 9.5 times his revised 2019 estimate, Pinnacle Financial fully reflects the fundamental headwinds he forecasts. He believes the stock is pricing in net interest margin erosion.
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