Piper Sandler raised the firm’s price target on Huntington Bancshares to $12 from $11 and keeps a Neutral rating on the shares. Several of the largest banks offered intra-quarter updates earlier this week, with virtually no changes to net interest margin, net interest income, or deposit beta expectations, the analyst tells investors in a research note. The firm thought the macro commentary regarding customer health was benign and there was “nothing shocking on credit.” Piper sees the updates as “another set of constructive updates from the large banks.”
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Read More on HBAN:
- Huntington Bancshares price target lowered to $12 from $13 at Stephens
- Huntington Bancshares price target lowered to $12 from $13 at RBC Capital
- Huntington Bancshares price target lowered to $12 from $13 at Barclays
- Huntington upgraded to Peer Perform from Underperform at Wolfe Research
- Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common and Preferred Stocks