What To Know About Evercore ISI Group's Upgrade of Huntington Bancshares
Portfolio Pulse from Benzinga Insights
Evercore ISI Group upgraded Huntington Bancshares (NASDAQ:HBAN) to Outperform with a new price target of $15.00, up from the previous $10.50. HBAN shares are currently trading at $12.80, and the new target suggests a potential upside of 17.19%. Huntington Bancshares is a regional bank offering a variety of financial services across eight Midwestern states.
January 03, 2024 | 5:00 pm
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Evercore ISI Group upgraded Huntington Bancshares to Outperform with a price target of $15.00, indicating a potential upside of 17.19% from the current price of $12.80.
Analyst upgrades typically lead to positive short-term price movement as they reflect a positive change in the analyst's view of the company's future performance. The significant increase in the price target from $10.50 to $15.00 by a reputable analyst group like Evercore ISI is likely to be taken seriously by investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100