Rochdale's Dick Bove Cuts PNC (PNC) to Neutral Following Deal with RBC
Tweet
Share
E-mail
Get Alerts PNC Hot Sheet
Price: $256.97 +0.69%
Rating Summary:
22 Buy, 13 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 13 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Rochdale Securities' Dick Bove just downgraded shares of PNC Financial (NYSE: PNC) from Buy to Neutral in a mid-day report Monday.
Bove lowered his investment rating on the stock from Buy to Neutral and reduced the price target from $67 to $59.
The downgrade follows news from this morning PNC will acquire RBC's US retail banking unit in a $3.45 billion deal.
PNC shares are down about 2.5 percent to $56.37 Monday.
For more ratings news on PNC Financial click here and for the rating history of PNC Financial click here.
Bove lowered his investment rating on the stock from Buy to Neutral and reduced the price target from $67 to $59.
The downgrade follows news from this morning PNC will acquire RBC's US retail banking unit in a $3.45 billion deal.
PNC shares are down about 2.5 percent to $56.37 Monday.
For more ratings news on PNC Financial click here and for the rating history of PNC Financial click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Downgrades Accelerant Holdings (ARX) to Sector Perform
- Desjardins Downgrades Alithya Group Inc. (ALYA:CN) (ALYA) to Hold
- Citizens Downgrades SoundThinking (SSTI) to Market Perform
Create E-mail Alert Related Categories
DowngradesRelated Entities
Richard BoveSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
