Morgan Stanley Maintains Underweight on PNC Finl Servs Gr, Raises Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on PNC Financial Services Group (PNC) and raises the price target from $137 to $144.
July 19, 2023 | 3:32 pm
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Morgan Stanley maintains an Underweight rating on PNC and raises the price target from $137 to $144.
The Underweight rating maintained by Morgan Stanley suggests that they expect PNC's stock to underperform compared to other stocks. However, the raised price target indicates a slightly more positive outlook than before. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100