Piper Jaffray Reiterates Overweight Rating on Pinnacle Financial Partners (PNFP)

Piper Jaffray analyst Brett Rabatin reiterated an Overweight rating and $73.00 price target on Pinnacle Financial Partners (NASDAQ: PNFP) following a presentation by management. As the presentatioin went on, it became more evident to Rabatin that BHG thinks longer-term and strategically, has excellent near-term prospects, and has a large opportunity to continue its growth path given limited present market share.

Rabatin also thinks based on conversations PNFP will continue to drive top-line revenue growth better than regional peers. The bottom line is BHG could drive upside to diminished expectations in 2H19/FY20 despite the industry facing NIM pressure.

For an analyst ratings summary and ratings history on Pinnacle Financial Partners click here. For more ratings news on Pinnacle Financial Partners click here.

Shares of Pinnacle Financial Partners closed at $55.60 yesterday.

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