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PNC Financial price target lowered to $185 from $195 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on PNC Financial (PNC) to $185 from $195 and keeps an Underperform rating on the shares post the Q1 report. The firm views the quarter as mixed and continues to expect continued multiple compression due to PNC’s return on tangible common equity profile.

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