Pinnacle Financial price target lowered to $90 from $91 at UBS

UBS analyst Brody Preston lowered the firm’s price target on Pinnacle Financial to $90 from $91 and keeps a Neutral rating on the shares. Management’s low to mid-single digit earnings growth target for 2024 carries some risks as it relates to expenses and the margin trajectory should the Fed cut in-line with the forward curve, the analyst tells investors in a research note.