PNC Financial (PNC) Gets a Hold Rating from Morgan Stanley


Morgan Stanley analyst Betsy Graseck maintained a Hold rating on PNC Financial (NYSE: PNC) today and set a price target of $160. The company’s shares closed on Friday at $124.26, close to its 52-week low of $121.61.

According to TipRanks.com, Graseck is ranked #992 out of 4887 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PNC Financial with a $160.33 average price target, representing a 29.0% upside. In a report issued on October 12, Oppenheimer also assigned a Hold rating to the stock.

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PNC Financial’s market cap is currently $57.78B and has a P/E ratio of 10.81. The company has a Price to Book ratio of 1.23.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Reilly, the EVP of PNC sold 24,710 shares for a total of $3,471,261.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PNC Financial Services Group, Inc. engages in the provision of diversified financial services, including retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management.

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