PNC Financial price target raised to $185 from $169 at BofA

BofA raised the firm’s price target on PNC Financial to $185 from $169 and keeps a Neutral rating on the shares. Results from PNC and the big banks indicate potential for a stabilization in net interest income outlooks for the regional banks, which combined with still relatively healthy credit quality, “should set the stage for a sustained bounce and valuation rerating for the regionals,” the analyst tells investors in a post-earnings note.