PNC Financial price target raised to $209 from $206 at Morgan Stanley

Morgan Stanley raised the firm’s price target on PNC Financial (PNC) to $209 from $206 and keeps an Underweight rating on the shares. Q4 and implied FY 25 guidance was slightly weaker than consensus expectations, but FY26 net interest income guidance is “positive” given it does not account for First Bank, the analyst tells investors in a post-earnings note.