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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNC:
- PNC Financial price target lowered to $189 from $208 at Truist
- Cautious Outlook on PNC Financial: Sell Rating Amid EPS Adjustments and Macroeconomic Risks
- PNC Financial price target lowered to $185 from $195 at Keefe Bruyette
- PNC Financial price target lowered to $235 from $257 at Barclays
- PNC Financial: Strong Management and Strategic Stability Support Buy Rating Amid Market Challenges