Truist lowered the firm’s price target on Huntington Bancshares (HBAN) to $17 from $21 and keeps a Buy rating on the shares. The firm increased its 2025 and 2026 EPS forecasts by 7% and 1% to $1.50 and $1.65, respectively, after a stronger than expected Q1 and FY25 guidance. However, the firm reduced its one-year-out target multiple to reflect a higher recession risk, leading to its lower price target
Stay Ahead of the Market:
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HBAN:
