Bank of America and JPMorgan Cut Huntington Bancshares (HBAN) Targets Ahead of Q1

Huntington Bancshares Incorporated (NASDAQ:HBAN) is included among the 13 Bank Stocks with Highest Dividends.

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) operates as a regional bank holding company through its subsidiary, Huntington National Bank. It serves consumers, small and mid-sized businesses, corporations, and municipalities, offering a range of banking, payments, wealth management, and risk management services.

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