PNC Receives Cramer’s Approval After FirstBank Acquisition and Analyst Upgrades

Reported about 13 hours ago

After acquiring Colorado-based FirstBank for $4.1 billion, PNC Financial Services Group has gained recognition from Jim Cramer as a recession-proof stock and is featured in his top 10 stock picks. Analysts have increased the company’s price target, with Wells Fargo raising it from $230 to $240, reflecting strong confidence in PNC’s growth potential. The firm, supported by 66 hedge funds, offers diverse financial services and operates with a market capitalization of approximately $80 billion.

Source: YAHOO

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