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Analyst Rating In Review: PNC Financial Services Sold Off 0.3% Since Downgraded 7 Days Ago (PNC)

Published on Wed, 01/30/2013 - 10:10
By Robert Cotter

A week ago, CLSA downgraded PNC Financial Services from Outperform to Underperform. The stock closed at $61.92, which is 0.3% lower than the price one week ago ($62.12).

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.

PNC Financial Services has overhead space with shares priced $61.64, or 9.4% below the average consensus analyst price target of $68.06. The stock should find initial support at its 200-day moving average (MA) of $60.70 and further support at its 50-day MA of $58.12.

In the past 52 weeks, PNC Financial Services share prices have been bracketed by a low of $53.36 and a high of $67.89 and are now at $61.64, 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

By Robert Cotter
rcotter@fnno.com