Morgan Stanley Raises Price Targets on Pinnacle Financial and RingCentral
Dow Jones Newswires reports Morgan Stanley raised its price target on Pinnacle Financial to $140 and RingCentral to $91, keeping its ratings.
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what happened
Dow Jones Newswires reports that Morgan Stanley raised its price target on Pinnacle Financial to $140 per share from $139 and kept its Overweight rating. The bank also lifted its RingCentral target to $91 per share from $41, while maintaining an Equal-Weight recommendation.
The ratings data was published by Benzinga. The changes were recorded on October 23, 2026, at 11:49 and 11:57 GMT respectively.
why it matters
Routine analyst actions like these usually affect the price of a single stock rather than the broader market. The RingCentral target rise from $41 to $91 is large in size, but the source gives no reasons for it, so the update is best read as one bank's view on two companies.
tags
instruments
sources
- Pinnacle Financial Price Target Raised to $140.00/Share From $139.00 by Morgan Stanley — Dow Jones Newswires, 23 October 2026 at 11:49 UTC
- RingCentral Price Target Raised to $91.00/Share From $41.00 by Morgan Stanley — Dow Jones Newswires, 23 October 2026 at 11:57 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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