JPMorgan upgraded Huntington Bancshares to Overweight from Neutral with a price target of $18, up from $16, after meeting with management. The analyst walked away with “much more conviction” that Huntington is positioned to emerge as potentially one of the top organic growth stories among large regional banks. The onshoring benefits to the company’s primary markets appears to not only be much more of a needle-mover than expected, but the timing of these benefits is also coming sooner than expected, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBAN:
- Huntington Bancshares Shareholders Approve Incentive Plan and Directors
- Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common and Preferred Stocks
- Huntington Bancshares sees FY24 net interest income down 2% to up 2%
- Options Volatility and Implied Earnings Moves Today, April 19, 2024
- Huntington Bancshares Incorporated Reports 2024 First-Quarter Earnings