Argus Upgrades PNC Financial (PNC) to Buy

October 17, 2016 7:13 AM EDT
Get Alerts PNC Hot Sheet
Price: $92.92 -0.41%

Rating Summary:
    12 Buy, 21 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Argus upgraded PNC Financial (NYSE: PNC) from Hold to Buy with a price target of $98.00.

The analyst views PNC as well positioned to benefit from rising interest rates. They also like the company’s cost-reduction efforts and the stability provided by its large 21% stake in BlackRock.

For an analyst ratings summary and ratings history on PNC Financial click here. For more ratings news on PNC Financial click here.

Shares of PNC Financial closed at $88.03 yesterday.

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