JPMorgan analyst Steven Alexopoulos upgraded Huntington Bancshares to Neutral from Underweight with a price target of $13, up from $12. The analyst sees a more balanced risk/reward for shares given the bank’s moderating net interest margin pressure and “robust” capital. The firm expects the pace of net interest income declines to decelerate meaningfully and then stabilize to trend modestly upwards in 2024.
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