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PNC Financial price target lowered to $178 from $179 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck lowered the firm’s price target on PNC Financial (PNC) to $178 from $179 and keeps an Underweight rating on the shares. PNC reported a 4% EPS beat, mainly on lower provision, and fiscal year guidance was reiterated, the analyst noted following the company’s Q1 earnings report.

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