RBC Capital lowered the firm’s price target on Huntington Bancshares to $16 from $18 but keeps an Outperform rating on the shares. Bank stocks have come under extreme volatility in recent days, but Huntington Bancshares is very well positioned with a high-quality fortress balance sheet and liquidity levels, solid credit quality, and favorable near-and long-term outlooks, the analyst tells investors in a research note. The bank’s deposit base is also "granular and durable", RBC added.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on HBAN:
- Huntington Bancshares price target lowered to $14.50 from $15 at Piper Sandler
- 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
