Huntington Bancshares price target raised to $19 from $17 at Argus

Argus raised the firm’s price target on Huntington Bancshares (HBAN) to $19 from $17 and keeps a Buy rating on the shares following the Q4 earnings report. The firm believes potential rate cuts would alleviate recent net interest margin pressure, and tells investors in a research note that the stock merits a higher multiple based on the company’s strong long-term growth prospects and plans for new business lines.