10 Cheap Stocks With Strong Buy Ratings on Wall Street

7. The PNC Financial Services Group, Inc. (NYSE:PNC)

PE Ratio: 13.75

The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the cheap stocks to buy.

On December 18, TheFly reported that Morgan Stanley analyst Betsy Graseck raised PNC’s price target to $211 from $209, maintaining an Underweight rating. Around the same time, on December 17, PNC Multifamily Capital closed its 100th Low-Income Housing Tax Credit Fund, investing over $175 million to support nearly 1,500 affordable homes, highlighting the company’s commitment to community development and ESG-focused initiatives.

The same day, Truist Securities analyst John McDonald raised his price target to $229 from $210, maintaining a Hold rating. Truist cited stronger fee income, gradual credit cost increases, and increased share buybacks, supported by The PNC Financial Services Group, Inc. (NYSE:PNC)’s positive Q3 performance, improving credit metrics, and management commentary on operational trends, signaling confidence in the company’s long-term earnings potential.

The PNC Financial Services Group, Inc. (NYSE:PNC) is a leading diversified financial services institution in the United States, offering a wide range of banking, lending, investment, and asset management services to individuals, corporations, government entities, and nonprofit organizations.