As previously reported, BofA upgraded Huntington Bancshares to Buy from Neutral with a price target of $16, up from $14. The firm views Huntington as “well positioned to navigate multiple macro-economic outcomes” and also views franchise investments and solid execution to drive an acceleration in revenue growth into 2025, the analyst tells investors. The firm raised its FY24, FY25 and FY26 EPS estimates by 4%, 15% and 14%, respectively, driven by higher net interest income, NII, expectations.
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