Citi raised the firm’s price target on Huntington Bancshares (HBAN) to $21 from $18 and keeps a Buy rating on the shares. The firm says Huntington continues to be one of its favored names among the regional banks. The company is a high quality name and checks several boxes on “Trump trade” themes but still trades at a discount to peers, the analyst tells investors in a research note. It sees upside to 2025 and 2026 consensus net interest income estimates, saying Huntington is a top beneficiary of fixed asset repricing given the shorter duration loan portfolio as well as swap tailwinds.
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Read More on HBAN:
- Huntington Bancshares cuts prime rate to 7.75% from 8%, effective November 8
- Huntington Bancshares to Present at Boston Conference
- Huntington Bancshares price target raised to $17 from $16 at Argus
- Huntington Bancshares price target raised to $17.50 from $16.50 at DA Davidson
- Huntington Bancshares price target raised to $15 from $14 at Piper Sandler
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
