JPMorgan Cuts PT on Huntington Bancshares (HBAN) Amid Fiscal Q1 Preview

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the best low priced stocks to buy right now. JPMorgan cut the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $19 from $21 on April 7 and maintained an Overweight rating on the shares. The firm adjusted price targets in the large-cap bank group as part of a fiscal Q1 preview, and told investors in a research note that it believes the fiscal Q1 results “should be good”, driven by strong market revenues. However, it also added that investment banking activity has slowed recently due to market volatility amid the war, and thus the firm anticipates the large bank stocks to “remain choppy” in the near term.

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

The same day, RBC Capital also cut the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $20 from $21 while reaffirming an Outperform rating on the shares. The rating update came as part of a broader research note previewing the fiscal Q1 earnings for Regional Banks, with the firm stating that it sees the outlook as relatively stable from Q4 earnings. Aside from seasonal variations, RBC Capital remains constructive on the fundamentals heading into quarterly results.

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.