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Fly News Breaks for January 17, 2017
PNC
Jan 17, 2017 | 07:12 EDT
Macquarie analyst David Konrad upgraded PNC Financial to Outperform and raised its price target to $135 from $128. The analyst expects the "re-emergence" of top-line growth and strong operating leverage to re-rate shares from the 3% discount to a modest premium to peers. Konrad said PNC's leverage and potential for redeployment in an improving economy and better rates should provide better risk adjusted returns.
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