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Benzinga
Benzinga
Business
Triveni Kothapalli

PNC Financial's Near-Term Guidance Is Conservative: Analyst

PNC Piper Sandler Pittsburgh
Pittsburgh,,Pennsylvania,,Usa,-,January,11,,2020:,Pnc,Bank,Sign

PNC Financial Services Group (NYSE:PNC), a diversified U.S. bank based in Pittsburgh, has delivered strong fundamental performance through consistent loan growth, prudent credit management, and stable operating trends.

Piper Sandler upgraded PNC from Neutral to Overweight and raised its price forecast to $220 from $211, reflecting about 12x the firm's 2026 EPS estimate of $17.81.

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