Huntington Bancshares price target raised to $20 from $19 at RBC Capital

RBC Capital raised the firm’s price target on Huntington Bancshares (HBAN) to $20 from $19 and keeps an Outperform rating on the shares after meeting with its management team. The meetings focused on the recent Veritex and Cadence acquisitions and the opportunities ahead for the company both in their legacy markets, and overall, the message from management was consistent with peer-leading expected performance from the core, and strong expected contributions from the expanded merger footprint, the analyst tells investors in a research note.