PNC Financial price target raised to $170 from $138 at Stephens

Stephens analyst Terry McEvoy raised the firm’s price target on PNC Financial to $170 from $138 and keeps an Equal Weight rating on the shares. The firm’s updated model incorporate management commentary from an industry event earlier this month, the FDIC’s special assessment charge, and adjustments to unrealized losses to reflect the significant quarter-to-date decline in yields, the analyst tells investors in a research note.