Morgan Stanley raised its price target on PNC Financial to $278 from $267 while maintaining an Equal Weight rating. Analyst Manan Gosalia cited continued revenue momentum heading into earnings season. Citi also lifted its target to $280 from $255 with a Buy rating, expecting a strong second quarter. PNC separately announced plans to recommend an 18% dividend increase to $2.00 per share in the third quarter, with its board to consider the proposal on July 6. The company reported a Common Equity Tier 1 ratio of 10.1% as of March 31, 2026, and its stress capital buffer will stay at the regulatory minimum of 2.5%.
PNC Financial Services Group IncMorgan Stanley raised price target to $278 and Citi to $280; PNC also announced an 18% dividend increase proposal.