Critical Insights From Huntington Bancshares Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Huntington Bancshares (NASDAQ:HBAN) received mixed analyst ratings in the past three months, with a recent average 12-month price target of $13.11, up from $12.94. Analysts from firms like Raymond James, RBC Capital, Goldman Sachs, Morgan Stanley, Barclays, JP Morgan, and Citigroup have updated their ratings and price targets, reflecting their views on the company's performance and market conditions. Huntington Bancshares, a regional bank holding company, faces revenue challenges and has a below-average net margin and ROA, but an above-average ROE and a high debt-to-equity ratio.
December 26, 2023 | 1:00 pm
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Huntington Bancshares received mixed analyst ratings with a slight increase in the average price target to $13.11. The company faces revenue decline and financial challenges, which may influence investor sentiment.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on HBAN's stock price. The revenue decline and financial challenges are concerning, but the increase in the price target and the company's strong ROE may balance investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100