Stephens Restarts Coverage of Huntington Bancshares (HBAN) as Operating Leverage Improves

Huntington Bancshares Incorporated (NASDAQ:HBAN) is included among Billionaire Steven Cohen’s Top 11 Dividend Stock Picks.

On June 15, Stephens resumed coverage of Huntington Bancshares Incorporated with an Equal Weight rating. It also set a $19 price target on the stock. Analyst Matt Olney, who resumed coverage of nine super-regional banks, said he is “broadly constructive” on the group’s outlook, noting that operating leverage has improved over the past year. He also said capital returns for 2026 are expected to reach levels not seen since 2019 and could increase further depending on the outcome of the Basel 3 Endgame proposals.

A few days earlier, on June 12, Evercore ISI raised its price recommendation on HBAN to $20 from $19. It also reiterated an Outperform rating on the shares. The firm said that despite the stock’s year-to-date underperformance, its confidence in management “remains robust, bolstered by intact earnings expectations and a favorable operating environment,” the analyst told investors.

Huntington Bancshares Incorporated is a large regional bank holding company. Through its subsidiary, The Huntington National Bank, it provides commercial, consumer, and mortgage banking services.

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