PNC Financial price target lowered to $145 from $165 at Credit Suisse

Credit Suisse analyst Susan Roth Katzke lowered the firm’s price target on PNC Financial to $145 from $165 and keeps a Neutral rating on the shares following quarterly results. The firm is also reducing estimates to reflect slower net income interest growth, consistent with trends observed in the first quarter i.e., the incremental benefit of higher short term interest rates on loan and securities portfolio yields offset by higher funding costs.