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KBW pulls sell recommendation on PNC Financial

  • PNC Financial (NYSE:PNC) is lower by about 12% since early August - more than surrendering its gain for the year. The move is enough for KBW, which upgrades to Market Perform from Underperform. The $101 price target remains the same.
  • PNC's 1.6% gain today is inline with that of the regional bank sector.

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The PNC Financial Services Group, Inc.