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Huntington Bancshares Stock Price Approaches Baird's Price Target

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Baird provided its analysis on Huntington Bancshares Incorporated (NASDAQ: 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.

Latest Ratings for HBAN

DateFirmActionFromTo
Oct 2019MaintainsOutperform
Oct 2019DowngradesBuyNeutral
Sep 2019DowngradesBuyNeutral

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Posted-In: BairdAnalyst Color Earnings News Analyst Ratings

 

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