Huntington Bancshares Stock Price Approaches Baird's Price Target

Baird provided its analysis on Huntington Bancshares Incorporated HBAN in its Friday report. The company reiterated its Neutral rating on the stock with a price target of $10. At time of writing, Huntington shares were trading at $9.23, up about 0.71 percent.

The company posted 2Q16 EPS of $0.19, below the analysts' estimate of $0.21 and maintained its 2016 forward guidance, which includes revenue growth in the 4-6 percent range, effectively managed expenses with a goal of generating positive operating leverage for the full year, and stable asset quality metrics, with NCOs expected to be below the company's longer-term normalized level of 35-55 bps.