Raymond James Maintains Strong Buy Rating for Huntington Bancshares: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Strong Buy rating for Huntington Bancshares (NASDAQ:HBAN) but lowered its price target from $15.00 to $14.00. Huntington Bancshares' shares are currently trading down 2.64% at $10.51 per share. A move to $14.00 would represent a 33.27% increase from the current share price.
July 06, 2023 | 5:02 pm
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Raymond James has maintained a Strong Buy rating for Huntington Bancshares but lowered its price target. This could potentially lead to an increase in the stock's price if the market reacts positively to the analyst's rating.
Analyst ratings often influence investor sentiment and can impact a stock's price. In this case, despite the lowered price target, the maintained Strong Buy rating indicates that the analyst still sees significant potential in Huntington Bancshares. This could lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100