Keefe Bruyette Lifts Price Target on PNC After Management Meetings

Group 1 - PNC Financial Services Group is recognized as one of the 10 cash-rich stocks to buy now [1] - Keefe Bruyette raised its price target on PNC from $215 to $228 while maintaining a Market Perform rating after management meetings [2] - PNC received all necessary regulatory approvals for its acquisition of FirstBank Holding Company, expecting to close the transaction around January 5, 2026 [3] Group 2 - Following the acquisition, PNC plans to integrate FirstBank into its national platform, with full customer conversion anticipated by mid-2026 [4] - The bank aims to open over 300 new branches by 2030, increasing its physical presence despite the rise of digital banking [5] - PNC operates as a diversified financial services company, offering retail and business banking, lending products, and specialized services for corporate and government clients [6]