Downgrade Alert for PNC Financial Services (PNC)
PNC Financial Services (NYSE:PNC) was downgraded from Market Perform to Underperform at Raymond James today. The stock closed yesterday at $84.99 on volume of 1.9 million shares, below average daily volume of 2.3 million.
In the past 52 weeks, shares of PNC Financial Services have traded between a low of $77.67 and a high of $100.52 and closed yesterday at $84.99, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.
PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company's primary regional markets.
There is potential upside of 17.3% for shares of PNC Financial Services based on a current price of $84.99 and an average consensus analyst price target of $99.73. The stock should find initial resistance at its 50-day moving average (MA) of $85.41 and further resistance at its 200-day MA of $89.69.
SmarTrend is tracking the current trend status for PNC Financial Services and will alert subscribers who have PNC in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades PNC Financial Services