Truist raised the firm’s price target on PNC Financial (PNC) to $229 from $210 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s model following management commentary at recent conference appearances. The firm is boosting its FY26 EPS view by 25c to $18.40 and its FY27 view by 50c to $20.80, reflecting higher pre-provision net revenue growth via fees, a more gradual ramp to credit costs, and a higher rate of share repurchases than we previously assumed, the analyst tells investors in a research note.
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