Truist analyst John McDonald raised the firm’s price target on PNC Financial (PNC) to $210 from $201 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s models on U.S. Banks. The firm is boosting its EPS estimates for FY25 by 10c and FY26 by 45c per share to $15.60 and $17.95 to reflect better assumptions for standalone PNC with less conservative net charge-offs and better fee growth, the analyst tells investors in a research note.
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