Huntington Bancshares edges lower after Jefferies downgrade

Huntington Bancshares

06/07/2026 16:25

** Shares of regional lender Huntington Bancshares HBAN.O down marginally after Jefferies downgrades to "hold" from "buy"
** Brokerage cites lingering acquisition-integration concerns and uncertainty over funding costs
** HBAN agreed to acquire Cadence Bank in October 2025 in a $7.4 billion all-stock deal
** "We view deposit cost pressure from competitive factors as the key swing factor from here, particularly as HBAN leans into new expansion markets" - Jefferies
** Brokerage also cut PT to $19 from $21, which is still a 6.4% upside to the stock's last close
** 15 of 19 analysts rate stock "strong buy" or "buy" and four "hold"; their median PT is $20 - data compiled by LSEG
** Including session's move, stock up 2.1% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com))