Morgan Stanley raised the firm’s price target on PNC Financial (PNC) to $206 from $186 and keeps an Underweight rating on the shares. The firm is rolling its valuation year from 2026 to 2027, which drives its large cap bank price targets up by a median 14%, the analyst tells investors. The firm is also updating its models to bake in three rate cuts in 2025 and three in 2026, the analyst noted.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 raised to $210 from $201 at Truist
- Oppenheimer maintains generally more cautious stance on investment banks
- PNC Financial’s Strong Position and Growth Potential Highlighted by Buy Rating
- PNC Financial price target raised to $230 from $217 at Citi
- PNC Financial price target raised to $225 from $220 at Raymond James