Huntington Bancshares price target raised to $20 from $19 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Huntington Bancshares (HBAN) to $20 from $19 and keeps a Buy rating on the shares. The firm sees strong momentum in the company’s core Midwest bank after meeting with management. Huntington’s “superior growth” is not priced into the shares, the analyst tells investors in a research note. It believes confidence that Huntington’s revenue growth can outperform peers and increased investor interest in regional banks can drive a re-rating of the stock.