Morgan Stanley Maintains Underweight on PNC Finl Servs Gr, Raises Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Underweight rating on PNC Financial Services Group (NYSE:PNC) but increased the price target from $142 to $158.
January 30, 2024 | 12:04 pm
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Morgan Stanley reaffirmed an Underweight rating on PNC Financial Services Group, but raised the price target to $158, indicating a cautious but slightly more optimistic outlook.
While the Underweight rating suggests that Morgan Stanley believes PNC stock may not perform as well as the broader market or its sector, the increase in the price target to $158 reflects a modestly improved outlook for the company's stock price in the short term. However, the Underweight rating still implies a level of caution, which may temper investor enthusiasm despite the higher price target.
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