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Stock impact report

Bank of America and JPMorgan Cut Huntington Bancshares (HBAN) Targets Ahead of Q1 [Yahoo! Finance]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
Company Research Source: Yahoo! Finance
Bank of America and JPMorgan Cut Huntington Bancshares (HBAN) Targets Ahead of Q1 On April 7, BofA lowered its price recommendation on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $18 from $20. It reiterated a Buy rating on the shares. The firm trimmed price targets across its regional bank coverage by about 3% on average, reflecting lower valuation multiples, rising uncertainty around earnings per share, and a higher cost of equity. On the same day, JPMorgan lowered its price objective on Huntington Bancshares to $19 from $21 and maintained an Overweight rating. The change came as part of a broader Q1 preview for large-cap banks. The analyst said Q1 results “should be good,” supported by strong market revenue. At the same time, investment banking activity has slowed in recent weeks, as volatility linked to the war has weighed on dealmaking.JPMorgan also expects large bank stocks to “remain choppy” in the near term. Huntington Bancshares Incorporated (NASDAQ:HBAN) operat Show less Read more
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