Extremely important positive changes in investment behavior have recently occurred for The PNC Financial Services Group (NYSE: PNC): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in The PNC Financial Services Group (NYSE: PNC) fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PNC is expected to continue to be an important Value Builder.
PNC Financial Services Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PNC Financial Services Group has a good Power Rating of 74 and a very high Appreciation Score of 89, producing the Highest Value Trend Rating.
Recent Price Action
On 1/3/24, The PNC Financial Services Group (NYSE: PNC) stock declined by -3.1%, closing at $151.66. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -0.5% during the last week.
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