KRE - Huntington Bancshares Gets Bullish Upgrade Analyst Forecasts Accelerated Growth Despite Rate Worries | Benzinga
Huntington Bancshares Incorporated (NASDAQ:HBAN) shares are trading higher today. BofA Securities analyst Ebrahim H. Poonawala upgraded the stock to Buy (from Neutral) and raised the price target to $16 (from $14).
The analyst says that Huntington Bancshares is well-positioned to navigate multiple macroeconomic outcomes.
Moreover, franchise investments, footprint, and solid execution is expected to drive an acceleration in revenue growth into 2025, writes the analyst. The analyst says fewer rate cuts are positive, with a potential for FY24 net interest income (NII) to remain flat.
In particular, the analyst predicts near-term growth in ...