Market Overview

UPDATE: Jefferies Raises PT to $8.25 on Huntington Bancshares Following Meeting with Management

Share:
Related HBAN
Earnings Scheduled For January 22, 2015
6 Images Every Regional Bank Investor Should See
TCF Financial (TCB) Gains 3.3% Despite Q4 Earnings Miss - Analyst Blog (Zacks)

Jefferies maintained Huntington Bancshares (NASDAQ: HBAN) with a Buy rating and raised the price target from $7.50 to $8.25.

Jefferies analyst Ken Usdin commented, "We hosted meetings with HBAN CEO Steve Steinour. Messages about delivering operating leverage and building for long-term profitable growth are intact. HBAN faces near-term hurdles like others (slower but still growing loans, mortgage fee normalization), but has more avenues to fill-in (customer growth, new loan initiatives, capital return). We update ests. slightly ('14 to $0.72 from $0.70) and raise our target to $8.25."

Huntington Bancshares closed at $7.47 on Wednesday.

Latest Ratings for HBAN

DateFirmActionFromTo
Jan 2015BarclaysMaintainsEqual-weight
Dec 2014Guggenheim SecuritiesInitiates Coverage onNeutral
Jul 2014RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for HBAN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (HBAN)

Around the Web, We're Loving...

Get Benzinga's Newsletters