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Citi analyst Keith Horowitz raised the firm’s price target on PNC Financial (PNC) to $235 from $200 and keeps a Buy rating on the shares. PNC remains well positioned with fixed asset repricing tailwinds, opportunity for loan growth and momentum in fees with exposure to cap markets and private equity activity, the analyst tells investors in a research note. Citi continues to see sales upside and with low credit risk and expects PNC to outperform credit expectations.

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