Morgan Stanley raised the firm’s price target on Huntington Bancshares (HBAN) to $19 from $16 and keeps an Overweight rating on the shares. Midcap banks are trading at their widest discount to the largest banks in over 10 years, and the setup is positive going into earnings with green shoots on loan acceleration, benign credit and ongoing benefits to net interest income, the analyst tells investors in a research note.
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Read More on HBAN:
- Huntington Bancshares upgraded to Outperform from Peer Perform at Wolfe Research
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