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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNC:
- PNC Financial upgraded to Overweight from Neutral at Piper Sandler
- PNC Financial price target raised to $229 from $224 at UBS
- PNC Investments to rebrand as PNC Wealth Management
- PNC Financial price target raised to $240 from $230 at Wells Fargo
- PNC Financial price target raised to $230 from $220 at Evercore ISI