Morgan Stanley Trims Huntington Bancshares (HBAN) Price Target to $20

Key Facts

Morgan Stanley analysts have adjusted their price target for Huntington Bancshares (HBAN) to $20.00 from $21.00, while maintaining an "Overweight" rating. This revision follows the bank's first-quarter results, where revenue surged 34% year-over-year to $2.59 billion, driven by recent acquisitions and organic growth. The bank reported an adjusted EPS of $0.37, beating consensus estimates, while the net interest margin expanded to 3.24%. Despite integration costs, asset quality remained stable throughout the period. The slight reduction in the price target reflects updated valuation models, even as analysts remain positive on the bank's underlying performance. Investors are now focusing on HBAN's ability to sustain this earnings momentum within the current banking environment.

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