DA Davidson Cuts PT on Huntington Bancshares (HBAN) to $20 From $21 – Here’s Why

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the best undervalued stocks under $50 to invest in now. On March 16, DA Davidson cut the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $20 from $21 and reiterated a Buy rating on the shares. The firm told investors in a research note that although the stock has underperformed year-to-date and provided some execution risk of integrating two acquisitions, the management team boasts a proven track record on bank integrations.

Huntington Bancshares Incorporated (NASDAQ:HBAN) also received a rating update from Truist on March 13. The firm cut the price target on the stock to $19 from $21, maintaining a Buy rating on the shares. The rating update came as part of a broader research note on Regional Banks, and the firm told investors that it is updating its model after conference updates. It also cited the increased geopolitical and macro risk for the updates.

Morgan Stanley also updated the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) on March 2, raising it to $23 from $21 and reiterating an Overweight rating on the shares.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a bank holding company that provides full-service commercial and consumer deposit, lending, and other banking services. The company’s operations are divided into the Consumer and Regional Banking, and Commercial Banking segments.

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