Huntington Bancshares upgraded to Buy from Hold at Jefferies

Jefferies upgraded Huntington Bancshares to Buy from Hold with a price target of $16, up from $14. Even after the stock’s decent performance of late, Huntington’s forward price-to-earnings multiple remains toward the lower-end of the large-cap regionals, the analyst tells investors in a research note. The firm says that with a 4.6% dividend yield on top, investors do not need to imagine much multiple expansion to see a relatively attractive risk/reward. Jefferies is 7% above consensus on 2025 earnings estimates based on benefits from loan growth and fixed-rate repricing on loans and securities.