Wells Fargo analyst Mike Mayo lowered the firm’s price target on PNC Financial to $176 from $186 and keeps an Overweight rating on the shares. The firm cites lower guidance despite OK Q2.
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Read More on PNC:
- PNC says share repurchase activity in Q3 expected to remain ‘modest’
- PNC Financial says expense control is ‘in focus’
- PNC Financial sees FY23 revenue up 2%-2.5% vs. 2022, consensus $22.02B
- PNC Financial sees Q3 revenue up about 1% vs. Q2, consensus $5.46B
- PNC Financial raises quarterly dividend 5c to $1.55 per share