Q1 numbers earn Pinnacle an upgrade

Analyst Brian Martin at FIG Partners on Wednesday morning hiked his rating on shares of Pinnacle Financial Partners to 'outperform' from 'market perform' and pegged his price target at $39. That leaves more than 10 percent of upside for Pinnacle, which on Tuesday reported first-quarter results that set a number of records. The downtown-based bank holding company's shares (Ticker: PNFP) ended Wednesday trading at $35.29 and are up about 8 percent this year.