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