Barclays lowered the firm’s price target on PNC Financial to $167 from $218 and keeps an Overweight rating on the shares ahead of the Q1 results. Relative to the prior quarter, the analyst expects pressured revenues as net interest income, core fee income and other noninterest income all decline.
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Published first on TheFly
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Read More on PNC:
- PNC Financial Services (PNC) Q1 Earnings Cheat Sheet
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- PNC Financial downgraded to Underperform from Market Perform at Keefe Bruyette
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