Morgan Stanley Maintains Underweight on PNC Finl Servs Gr, Lowers Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on PNC Financial Services Group (PNC) and has lowered the price target from $144 to $142.
October 03, 2023 | 3:23 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on PNC and lowered the price target from $144 to $142, which could potentially impact the stock negatively.
The lowered price target by Morgan Stanley indicates a bearish outlook for PNC. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100