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Citi analyst Keith Horowitz on Monday upgraded PNC Financial
PNC,
-0.51%

to buy from hold and reiterated its $175 price target as analysts assess the banking landscape after the demise of Silicon Valley Bank
SIVB,
-60.41%
,
Signature Bank
SBNY,
-22.87%

and Silvergate Capital
SI,
-11.27%

over the past three days. Horowitz said PNC is part of the banking camp offering “a strong pair of hands” along with buy-rated Wells Fargo & Co.
WFC,
+0.56%

and JPMorgan Chase & Co.
JPM,
+2.54%
.
“PNC has a number of positives including larger benefit than most from asset repricing, looks good on our fair value analysis, clean asset quality, and strong deposit base…the recent pullback we believe offers a good opportunity to buy one of the best management teams among the large regional banks,” Horowitz said. Regions Financial
RF,
-1.84%

could be “the clear winner due to granular deposit franchise” as well as Comerica
CMA,
-5.01%
,
which “offers the best risk/reward, Horowitz said. PNC stock fell 2.2% in premarket trades.