Huntington Bancshares, the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Keith Horowitz from Citi maintained a Buy rating on the stock and has a $21.00 price target.
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Keith Horowitz has given his Buy rating due to a combination of factors that highlight Huntington Bancshares’ earnings power and attractive valuation. He projects core EPS of about $1.75 in 2026, with a further rise toward roughly $1.95 in 2027, driven by the full realization of cost efficiencies and the anticipated restart of share repurchases. His modeling of cost savings from the CADE integration is deliberately conservative at 25%, below management’s 30% goal, which leaves room for upside if execution matches or exceeds company targets. At the same time, the stock trades as if investors are demanding a higher cost of equity than the sector median, despite Huntington’s ability to generate strong returns on tangible common equity.
Horowitz also sees Huntington as building on what he views as an already best-in-class organic growth profile, with the CADE acquisition adding another layer of potential expansion once integration milestones are met. He expects management’s 2026 guidance, the first to fully incorporate CADE, to help resolve current market debate and narrow the gap between perceived and actual earnings strength. While his estimates for revenues are slightly ahead of consensus and expenses slightly higher, his overall earnings outlook is broadly aligned with the Street, reinforcing that the Buy call rests more on the quality and durability of growth than on aggressive forecasting. Taken together, the prospective double-digit earnings growth, improving efficiency, and favorable risk/reward balance support his positive stance on the shares.
In another report released on December 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $20.50 price target.
HBAN’s price has also changed slightly for the past six months – from $16.760 to $17.470, which is a 4.24% increase.