BofA lowered the firm’s price target on Huntington Bancshares (HBAN) to $18 from $20 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBAN:
- Huntington Bancshares price target lowered to $19 from $21 at JPMorgan
- Huntington Bancshares price target lowered to $20 from $21 at RBC Capital
- Huntington Bank named official consumer bank of University of Michigan
- Huntington Bancshares price target lowered to $19 from $21 at Evercore ISI
- Huntington Bancshares price target lowered to $21 from $23 at Morgan Stanley