As previously reported, Piper Sandler analyst R. Scott Siefers upgraded Huntington Bancshares (HBAN) to Neutral from Underweight with a price target of $18, up from $17, after earnings. While stating that Huntington’s story is “in some transition” and “it may still take some time for investors to get comfortable reengaging,” the firm likes the introduction of repurchases, heavier scrutiny of cost control and loan growth getting “tuned” down to reflect macro uncertainty.
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