Evercore ISI lowered the firm’s price target on PNC Financial to $175 from $184 and keeps an Outperform rating on the shares. Coming out of PNC’s Q1 results, the firm is revising its 2024 EPS estimate to $12.42 from $12.19 to reflect the 34c per share Q1 beat, tempered by a modest negative revision to its pre-provision net revenue outlook for the remaining quarters of the year.
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