Barclays has revised its price target for PNC Financial (PNC, Financial), bringing it down to $235 from the previous $257. Despite this adjustment, the investment firm maintains an Overweight rating on the financial institution's shares.
This change comes on the heels of PNC Financial's latest first-quarter earnings report, which exceeded earnings expectations. However, the company's fee income did not meet anticipated levels. Barclays' decision reflects a careful consideration of these mixed performance indicators. Investors are being informed of this nuanced perspective through a detailed research note.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for PNC Financial Services Group Inc (PNC, Financial) is $197.23 with a high estimate of $257.00 and a low estimate of $171.00. The average target implies an upside of 26.93% from the current price of $155.39. More detailed estimate data can be found on the PNC Financial Services Group Inc (PNC) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, PNC Financial Services Group Inc's (PNC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PNC Financial Services Group Inc (PNC, Financial) in one year is $182.91, suggesting a upside of 17.71% from the current price of $155.39. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PNC Financial Services Group Inc (PNC) Summary page.
