Morgan Stanley Maintains Underweight Rating for PNC Finl Servs Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Underweight rating for PNC Financial Services Group (NYSE:PNC) but raised its price target from $137.00 to $144.00. PNC's shares are currently trading up 0.96% over the last 24 hours, at $131.60 per share. A move to $144.00 would account for a 9.42% increase from the current share price.
July 19, 2023 | 5:00 pm
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Morgan Stanley has maintained its Underweight rating for PNC but raised its price target. This could potentially lead to a 9.42% increase in PNC's share price.
Morgan Stanley's decision to maintain its Underweight rating indicates a lack of confidence in PNC's short-term performance. However, the raised price target suggests an expectation of long-term growth. This could lead to increased investor interest and a potential rise in PNC's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100