Credit Suisse Maintains Neutral Rating for PNC Finl Servs Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Credit Suisse has maintained its Neutral rating for PNC Financial Services Group (NYSE:PNC) but lowered its price target from $145.00 to $135.00. PNC's shares are currently trading up 0.96% at $131.60 per share. A move to $135.00 would account for a 2.58% increase from the current share price.
July 19, 2023 | 5:00 pm
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NEUTRAL IMPACT
Credit Suisse has maintained its Neutral rating for PNC but lowered its price target. This could potentially impact PNC's stock price in the short term.
The news of Credit Suisse maintaining its Neutral rating for PNC but lowering its price target could have mixed effects on PNC's stock price. While the maintained rating suggests stability, the lowered price target could potentially lead to a decrease in investor confidence, impacting the stock price. However, the actual impact would depend on the market's reaction to this news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100