Piper Sandler analyst R. Scott Siefers lowered the firm’s price target on Huntington Bancshares to $14.50 from $15 and keeps a Neutral rating on the shares. It has been a "wild week for bank stocks" as many of the largest institutions provided mid-quarter updates reinforcing the high degree of uncertainty in the environment, the analyst tells investors in a research note. The analyst says deposit issues remain "front-and-center," keeping net interest income durability questions up front.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on HBAN:
- Capstone Partners Continues to Acquire Senior Talent; Strengthens Transportation, Logistics & Supply Chain Group
- Huntington Bancshares price target raised to $15 from $14 at Piper Sandler
- HUNTINGTON BANCSHARES INCORPORATED DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON AND PREFERRED STOCKS
- Huntington Bancshares provides medium-term financial targets
- Huntington Bancshares sees FY23 average loans up 5%-7%
