Truist cuts Huntington Bancshares PT citing macro risks

Huntington Bancshares

13/03/2026 13:04

** Truist Securities cuts PT on lender Huntington Bancshares HBAN.O to $19 from $21, still a 22.7% upside to stock's last close

** Says PT cut reflects ~1x discount to stock's historical average multiple in order to account for heightened geopolitical and macro risk

** Raises 2027 EPS estimate by a cent to $1.93, as increased buyback of $0.55 billion in 2026 and $1.1 billion to $1.2 billion in 2027 pushes earnings to the top end of management's guidance range

** 18 of 22 analysts rate stock "strong buy" or "buy", 3 "hold" and 1 "sell"; median PT is $21 - data compiled by LSEG

** As of last close, HBAN down 10.7% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))