BofA raised the firm’s price target on Huntington Bancshares (HBAN) to $19 from $17 and keeps a Buy rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but “resilient” earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 raised to $18 from $16 at JPMorgan
- Huntington Bancshares price target raised to $19 from $17 at Keefe Bruyette
- Huntington Bancshares price target raised to $21 from $18 at Raymond James
- Aptiv, IIPR, Huntington, PNC, Axsome Trending by Analysts
- Meta upgraded, PNC Financial downgraded: Wall Street’s top analyst calls