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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