Huntington Bancshares Incorporated (HBAN) Gets Upgraded by Piper Sandler Following Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the best cheap stocks to buy under $20. On April 23, Huntington Bancshares Incorporated (NASDAQ:HBAN) was upgraded to Neutral from Underweight by Piper Sandler, with the firm lifting the price target on the stock to $18 from $17. The rating update came after the company reported its earnings, with the firm stating that the company’s story is “in some transition”, and “it may still take some time for investors to get comfortable reengaging”. Piper added that it likes the heavier scrutiny of cost control, the introduction of repurchases, and loan growth getting “tuned” down to reflect macro uncertainty.

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

In its fiscal Q1 2026 results released on April 23, Huntington Bancshares Incorporated (NASDAQ:HBAN) reported that the Earnings per common share for the quarter were $0.25, lower by $0.05 from the prior quarter, and $0.09 lower than the year-ago quarter. Net interest income rose $299 million, or 19%, from the previous quarter and $465 million, or 33%, from the prior year period.

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.

While we acknowledge the risk and potential of HBAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HBAN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.