Morgan Stanley Raises Price Target on PNC Financial (PNC)

The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the 10 Most Undervalued American Stocks to Invest In.

On June 29, 2026, Morgan Stanley analyst Manan Gosalia raised the firm’s price target on The PNC Financial Services Group, Inc. (NYSE:PNC) to $278 from $267 and kept an Equal Weight rating. Gosalia said that even after the bank group’s 17% quarter-to-date rally, Morgan Stanley remains positive on banks heading into earnings season as revenue momentum continues to build. Meanwhile, Citi raised its price target on PNC Financial to $280 from $255 and kept a Buy rating. The firm expects PNC to report a strong Q2 despite low expectations.

Morgan Stanley Raises Price Target on PNC Financial (PNC)

On June 25, PNC announced that it plans to recommend an 18%, or 30c per share, increase in its quarterly cash dividend on common stock to $2.00 per share in the third quarter of 2026. PNC’s board is expected to consider the recommendation at its next scheduled meeting on July 6. PNC also received the results of the Federal Reserve’s 2026 Comprehensive Capital Analysis and Review. The company said its start to minimum Common Equity Tier 1 depletion during the stress test horizon is 0.3%, reflecting the best performance in its peer group. PNC’s stress capital buffer will remain at the current regulatory minimum of 2.5% until new requirements based on the 2027 supervisory stress test take effect. Its CET1 ratio was 10.1% as of March 31, 2026, above the SCB-based requirement of 7.0%.

The PNC Financial Services Group, Inc. (NYSE:PNC) operates as a diversified financial services company in the United States.

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