BofA lowered the firm’s price target on PNC Financial (PNC) to $260 from $270 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on PNC:
- PNC Financial price target lowered to $237.50 from $251 at JPMorgan
- PNC Financial price target lowered to $242 from $260 at Evercore ISI
- PNC Financial price target raised to $220 from $215 at Goldman Sachs
- PNC Financial price target lowered to $234 from $257 at HSBC
- PNC Financial price target lowered to $263 from $283 at Morgan Stanley