PNC Financial price target lowered to $195 from $205 at RBC Capital

RBC Capital lowered the firm’s price target on PNC Financial (PNC) to $195 from $205 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company’s results primarily reflected better-than-expected net interest income, a lower-than-expected provision for credit losses and lower-than-expected expense, though this was partially offset by lower-than-expected noninterest income, the analyst tells investors in a research note.