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.
Latest Ratings for HBAN
|Dec 2014||Guggenheim Securities||Initiates Coverage on||Neutral|
|Jul 2014||RBC Capital||Upgrades||Sector Perform||Outperform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.