Key Takeaways From Huntington Bancshares Analyst Ratings
Portfolio Pulse from Benzinga Insights
Huntington Bancshares (NASDAQ:HBAN) has received a range of analyst ratings over the past quarter, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $15.73, with a high estimate of $18.00. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. Despite some financial challenges, including a revenue decline and lower-than-average net margins, analysts have generally maintained or raised their ratings.
May 28, 2024 | 12:00 pm
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Huntington Bancshares has received mixed analyst ratings, with an average price target increase to $15.73. Analysts have generally maintained or raised their ratings, reflecting a cautious optimism despite financial challenges.
The increase in the average price target and the general trend of analysts maintaining or raising their ratings suggest a positive short-term outlook for HBAN. However, financial challenges such as revenue decline and lower net margins may temper this optimism.
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IMPORTANCE 80
RELEVANCE 100