Markets

DA Davidson Adjusts PNC Financial Services Group PT to $209 From $204, Maintains Buy Rating

10:25AM ET 10/18/2021 MT Newswires
DA Davidson increased its price target on PNC Financial Services Group (PNC) to $209 form $204 following the company's Q3 results, with better-than-expected adjusted EPS of $3.75 on record fee revenue, driven by corporate services and residential mortgage.

According to the brokerage, the combined tailwinds from an improving economy and BBVA USA branch acquisition should drive the company's average earnings higher than its peer set over the next two years.

PNC Financial Services Group (PNC) has an average rating of Outperform and price targets ranging from $185 to $238, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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