Piper Sandler analyst R. Scott Siefers last night upgraded PNC Financial (PNC) to Overweight from Neutral with a price target of $220, up from $211, ached of the Q3 report.. Despite the bank’s strong fundamental performance, the shares have languished, the analyst tells investors in a research note. Piper feels good about PNC’s near-term prospects given its “conservative” guidance and attractive valuation following the stock’s underperformance.
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