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Downgrade Alert for Pinnacle Financial Partners (PNFP)

By David Diaz

Pinnacle Financial Partners (NASDAQ:PNFP) was downgraded from Long-Term Buy to Neutral at Hilliard Lyons today. The stock closed yesterday at $52.26 on volume of 272,000 shares, above average daily volume of 232,000.

In the past 52 weeks, Pinnacle Financial Partners share prices have been bracketed by a low of $43.32 and a high of $57.99 and closed yesterday at $52.26, 21% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 0.34% higher over the past week, respectively.

Pinnacle Financial Partners, Inc. is a holding company for Pinnacle National Bank. The Bank operates as a community bank emphasizing personal banking relationships with individuals and businesses located in its primary service area, which is comprised of the metropolitan Nashville, Tennessee area and surrounding counties.

Pinnacle Financial Partners (NASDAQ:PNFP) has potential upside of 8.6% based on a current price of $52.26 and analysts' consensus price target of $56.75. Pinnacle Financial Partners shares have support at the 200-day moving average (MA) of $50.11 and additional support at the 50-day MA of $48.81.

SmarTrend is tracking the current trend status for Pinnacle Financial Partners and will alert subscribers who have PNFP in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades pinnacle financial partners

Ticker(s): PNFP