UBS upgraded Huntington Bancshares to Buy from Neutral with a price target of $15, up from $14. The firm noted six reasons for the upgrade, including that Huntington Bancshares is a beneficiary of a Fed pause, and that its guidance is “fair” and accounts for 3-5 rate cuts, the analyst tells investors in a research note. The culmination of smart strategic moves Huntington has made over the past several years results in a revenue path that is less vulnerable to the vagaries of rate expectations vs. peers, the firm argues.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HBAN:
- Huntington Bancshares management to meet with Piper Sandler
- M&T Bank price target raised to $179 from $160 at Morgan Stanley
- Huntington Bancshares price target raised, named Top Pick at Morgan Stanley
- Huntington Bancshares Issues $1.25B in Senior Notes
- Huntington Bancshares price target raised to $15 from $14 at Citi
