Huntington Bancshares (HBAN) PT Raised to $20 at DA Davidson

DA Davidson analyst Peter Winter raised the price target on Huntington Bancshares (NASDAQ: HBAN) to $20.00 (from $18.00) while maintaining a Buy rating.

The analyst commented, "HBAN is delivering peer leading loan and deposit growth, with top quartile adjusted ROTCE at 17.6%, and POL of 310bp Y/Y in 2Q25. However, with the strong revenue growth, comes higher incentive comp and the company continues to invest for future growth, which has led to the efficiency ratio being stable at ~59% for the past 5- quarters. HBAN sees substantial investment opportunities in a number of the newer businesses and geographies, and overtime as these investments mature it should lead to a meaningful improvement in the efficiency ratio. Maintain BUY, and raising our PT to $20 (was $18)."

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