Regional banker PNC Financial Services (
) on Monday caught a big upgrade from analysts at Oppenheimer &
The firm boosted its rating on PNC from "Perform" to
"Outperform" with a $75 price target, suggesting an 18% upside to
the stock's Friday closing price of $63.80.
Oppenheimer noted PNC's recent acquisition of RBC Bank (
) is an ideal platform to expand the company's offerings.
PNC Financial shares rose 43 cents, or +0.7%, in premarket
The Bottom Line
Shares of PNC Financial Services (
) have a 2.51% dividend yield, based on Friday's closing stock
price of $63.80. The stock has technical support in the $58-$60
price area. If the shares can firm up, we see overhead resistance
around the $67-$70 price levels.
PNC Financial Services (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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