Huntington Bancshares (HBAN) PT Raised to $15 at Piper Sandler

Piper Sandler analyst R. Scott Siefers raised the price target on Huntington Bancshares (NASDAQ: HBAN) to $15.00 (from $14.00) while maintaining a Underweight rating.

The analyst commented, "Fine-tuning 2024E/2025E EPS; establishing 2026E. We are fine-tuning our EPS estimates following HBAN’s 3Q results and updated outlook. Specifically, our 2024E EPS goes from $1.19 to $1.20, though our 2025E EPS goes from $1.31 to $1.28. Finally, we are also introducing a 2026E EPS of $1.39. Our PT goes to $15, simply reflecting higher peer valuations (~ 12x our 2025E EPS vs. ~ 11x previously). We are keeping our UW rating."

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