The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the 10 Cheap Large Cap Stocks to Buy According to Hedge Funds. On July 9, Keefe Bruyette analyst Christopher McGratty upgraded The PNC Financial Services Group, Inc. (NYSE:PNC) to Market Perform from Underperform, raising the price target to $212 from $185.
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The rating followed a transfer of coverage, and the firm stated that it is bullish on the long-term structural advantages of scale for the large-cap banks.
The firm prefers business models capable of producing leading returns with high degrees of predictability, and sees a balanced risk/reward for shares of The PNC Financial Services Group, Inc..
The PNC Financial Services Group, Inc. provides financial services. Its operations are divided into the following segments: Retail Banking, Corporate and Institutional Banking, Asset Management Group, and Other.
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This article is originally published at Insider Monkey.
