RBC Capital raised the firm’s price target on Huntington Bancshares to $15 from $12 and keeps an Outperform rating on the shares after hosting investor meetings. The company looks well positioned to meet any 2024 regulatory, economic or credit headwinds as the franchise is operating from a position of strength, the analyst tells investors in a research note. Huntington Bancshares’ management is also optimistic that they can capture strategic growth opportunities, anticipating a margin inflection in 2024, the firm added.
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