Argus raised the firm’s price target on Huntington Bancshares (HBAN) to $17 from $16 and keeps a Buy rating on the shares post the Q3 report. Management expects average loans and deposits to grow in 2024 and potential interest rate cuts would alleviate recent net interest margin pressure, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 $17.50 from $16.50 at DA Davidson
- Huntington Bancshares price target raised to $15 from $14 at Piper Sandler
- Huntington Bancshares price target raised to $17 from $15 at Barclays
- Morning Movers: TSMC surges and Elevance Health sinks after quarterly results
- Huntington Bancshares sees Q4 NII flat to up 1% y/y