HSBC Initiates Coverage On PNC Finl Servs Gr with Reduce Rating, Announces Price Target of $110
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez has initiated coverage on PNC Financial Services Group (PNC) with a 'Reduce' rating and a price target of $110.
September 07, 2023 | 9:26 am
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HSBC has initiated coverage on PNC with a 'Reduce' rating and a price target of $110, which could potentially lead to a decrease in the stock's price.
The 'Reduce' rating from HSBC indicates a negative outlook for PNC's stock. The price target of $110, if lower than the current trading price, suggests that the analyst expects the stock price to decrease in the short term. This could potentially lead to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100