On Oct 17, major Wall Street analysts update their ratings for $PNC Financial Services (PNC.US)$, with price targets ranging from $180 to $229.
Morgan Stanley analyst Betsy Graseck maintains with a sell rating, and adjusts the target price from $177 to $180.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and maintains the target price at $211.
Citi analyst Keith Horowitz maintains with a buy rating.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $209 to $229.
Evercore analyst John Pancari maintains with a buy rating, and maintains the target price at $225.
Furthermore, according to the comprehensive report, the opinions of $PNC Financial Services (PNC.US)$'s main analysts recently are as follows:
Following PNC Financial's third-quarter earnings surpassing expectations, an analyst noted the company's positive results and executive commentary, reaffirming the forecast for a record net interest income by 2025. The outlook for the fourth quarter suggests a slightly improved net interest income projection than earlier anticipated. Additionally, the company's management confirmed that the current situation within the commercial real estate office portfolio aligns with their projections.
Following the Q3 results and Q4 guidance, estimates for 2024 and 2025 EPS have been increased slightly, primarily due to an anticipated rise in net interest income and reduced expenses, which is expected to largely counterbalance the projected decline in fee-based revenue.
Following the Q3 report, PNC Financial's earnings surpassed expectations as fee revenues and net interest income exceeded consensus, with expenses aligning with predictions.
Following quarterly results, it was noted that PNC Financial's CEO emphasized the company's robust potential for organic growth. It is anticipated that the record net income interest expected in 2025 will not be heavily dependent on loan expansion. Currently, the focus does not include inorganic growth strategies.
Here are the latest investment ratings and price targets for $PNC Financial Services (PNC.US)$ from 7 analysts:
Note:
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