UPDATE: Sterne Agee Downgrades PNC on Limited Potential Upside
July 23, 2013 at 11:13 AM EDT
In a report published Tuesday, Sterne Agee analyst Todd L. Hagerman downgraded PNC (NYSE: PNC ) from Buy to Neutral, but reiterated the $80.00 price target. In the report, Sterne Agee noted, “We are downgrading the shares of PNC to Neutral from BUY given the strong surge in the shares in