BMO Capital Markets reported on Friday that they have increased their price target for financial services company, PNC Financial Services(PNC).
The firm, which currently has a “Market Perform” rating on PNC, has raised its price target to $67. This price target suggests a 8% increase from the stock’s current price of $61.67.
Analysts have increased their price target on the company based on higher than expected core revenue.
PNC shares were down 37 cents, or -0.60% during Friday morning trading. The stock has increased 3.5% in the past year.
The Bottom Line
Shares of PNC Financial (PNC) have a 2.58% dividend yield, based on last night’s closing stock price of $62.01. The stock has technical support in the $58-$60 price area. If the shares can firm up, we see overhead resistance around the $64-$66 price levels.
PNC Financial Services(PNC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.