Huntington Bancshares price target lowered to $20 from $22 at Jefferies

Jefferies lowered the firm’s price target on Huntington Bancshares (HBAN) to $20 from $22 and keeps a Buy rating on the shares. The company reported solid Q3 results and raised its FY25 standalone net interest income growth guidance and now targets roughly 8% average loan growth, highlighting robust demand across legacy markets and recent expansions, the analyst tells investors in a research note. The firm added that management expects over 250 basis points of positive operating leverage for the year, while credit metrics remained benign in Q3 with sequential improvements in criticized assets.