BofA raised the firm’s price target on PNC Financial to $165 from $155 and keeps a Neutral rating on the shares after PNC reported core EPS of $3.44 that beat BofA and consensus estimates. The firm revised its EPS estimates to reflect lower credit costs and sees PNC’s EPS resiliency supporting a “premium stock valuation,” the analyst tells investors.
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Read More on PNC:
- PNC Financial (NYSE:PNC) Tanks on Q4 Results
- PNC Financial sees FY24 revenue stable to down 2% vs 2023, consensus $21.44B
- Options Volatility and Implied Earnings Moves Today, January 16, 2024
- PNC Financial reports Q4 adjusted EPS $3.16, consensus $2.94
- PNC Reports Full Year 2023 Net Income of $5.6 Billion, $12.79 Diluted EPS or $14.10 as Adjusted
