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Upgrade Alert for PNC Financial Services (PNC)

By Amy Schwartz

PNC Financial Services (NYSE:PNC) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $88.21 on volume of 3.1 million shares, above average daily volume of 2.3 million.

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 $88.21, 14% 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%.

PNC Financial Services (NYSE:PNC) has potential upside of 13.1% based on a current price of $88.21 and analysts' consensus price target of $99.73. The stock should find resistance at its 200-day moving average (MA) of $89.69, as well as support at its 50-day MA of $85.41.

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