Zacks Upgrades Pinnacle Financial Partners to Outperform (PNFP)
Pinnacle Financial Partners (NASDAQ:PNFP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday, StockRatingsNetwork.com reports. The firm currently has a $34.20 target price on the stock. Zacks‘ price objective points to a potential upside of 9.79% from the company’s current price.
Separately, analysts at Wunderlich raised their price target on shares of Pinnacle Financial Partners from $35.00 to $37.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.44.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) traded up 0.42% during mid-day trading on Monday, hitting $31.15. 62,110 shares of the company’s stock traded hands. Pinnacle Financial Partners has a 1-year low of $20.94 and a 1-year high of $33.36. The stock has a 50-day moving average of $31.73 and a 200-day moving average of $30.18. The company has a market cap of $1.073 billion and a P/E ratio of 19.76.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
To view Zacks’ full report, visit www.zacks.com
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