PNC Financial, the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Keith Horowitz from Citi reiterated a Buy rating on the stock and has a $230.00 price target.
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Keith Horowitz has given his Buy rating due to a combination of factors that highlight PNC Financial’s strong position in an undervalued sector. The company has demonstrated robust growth in net interest income (NII) without heavily relying on loan growth, which speaks to its resilience. This growth has been supported by favorable fixed asset repricing conditions, and management has increased its NII guidance, reflecting confidence in future performance.
Moreover, despite the stock’s underperformance earlier in the year, it has aligned with its peers post-second quarter earnings, driven by positive sentiment captured in Citi’s Quant Crowding metric. The stock’s low implied cost of equity compared to larger regional banks makes it an attractive investment opportunity. Additionally, with expectations of credit outperformance and fee momentum, there is potential for exceeding consensus estimates in 2026, leading to a raised target price of $230 and an expected share price return of 13.2%.
In another report released on September 19, Raymond James also reiterated a Buy rating on the stock with a $225.00 price target.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNC in relation to earlier this year.