Morgan Stanley Keeps a Hold Rating on PNC Financial (PNC)

Morgan Stanley analyst Betsy Graseck maintained a Hold rating on PNC Financial (PNCResearch Report) today and set a price target of $142. The company’s shares opened today at $131.98.

According to, Graseck is a 4-star analyst with an average return of 8.2% and a 60.7% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Regions Financial, and State Street Corp.

PNC Financial has an analyst consensus of Hold, with a price target consensus of $144.14, representing a 9.2% upside. In a report issued on April 2, UBS also maintained a Hold rating on the stock with a $133 price target.

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The company has a one-year high of $152.29 and a one-year low of $108.45. Currently, PNC Financial has an average volume of 2.35M.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Robert Reilly, the EVP of PNC sold 24,722 shares for a total of $3,025,726.

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PNC Financial Services Group, Inc. engages in the provision of diversified financial services. The company’s financial services include: retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within its primary geographic markets. The Corporate & Institutional segment provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government and not-for-profit entities, and selectively to large corporations. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a broad range of investment, risk management and technology services to institutional and retail clients worldwide. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

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