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Upgrade Alert for PNC Financial Services (PNC)

By James Quinn

PNC Financial Services (NYSE:PNC) was upgraded from Market Perform to Outperform at Keefe Bruyette today. The stock closed yesterday at $90.10 on volume of 4.3 million shares, above average daily volume of 2.3 million.

PNC Financial Services (NYSE:PNC) has potential upside of 10.7% based on a current price of $90.10 and analysts' consensus price target of $99.73. The stock should discover initial support at its 200-day moving average (MA) of $89.69 and subsequent support at its 50-day MA of $85.41.

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.

Over the past year, PNC Financial Services has traded in a range of $77.40 to $100.52 and closed yesterday at $90.10, 16% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

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

Ticker(s): PNC