Check Out What Whales Are Doing With PNC
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on PNC Financial Services Group (NYSE:PNC), with 64% of investors opening trades with bullish expectations and 35% with bearish. The whale has been targeting a price range from $105.0 to $135.0 for PNC over the last 3 months. However, HSBC has downgraded its action to Reduce with a price target of $110. The price of PNC is currently down -2.19% at $115.77.
September 07, 2023 | 8:31 pm
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NEUTRAL IMPACT
A whale investor is bullish on PNC Financial Services Group, with a target price range of $105-$135. However, HSBC has downgraded PNC to Reduce with a price target of $110. The current price of PNC is down -2.19% at $115.77.
The bullish stance of a whale investor on PNC indicates a positive sentiment towards the stock. However, the downgrade by HSBC to Reduce with a price target of $110 suggests a potential downside. The current price drop of -2.19% also indicates a negative short-term impact. Therefore, the overall short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100