Raymond James upgraded PNC Financial (PNC) to Outperform from Market Perform with a $220 price target The upgrade reflects PNC’s ongoing net interest income momentum, as well as the expansion in fees given the rise in equity markets and momentum in capital markets revenues in the second half of 2025, the analyst tells investors in a research note. The potential for accelerating loan growth should utilization rates move closer to historical averages, the firm argues.
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