Huntington Bancshares rise after Wells Fargo starts coverage with bullish rating
BUZZ-Huntington Bancshares rise after Wells Fargo starts coverage with bullish rating ** Shares of regional lender Huntington Bancshares HBAN.O rise marginally in morning trading session
** Wells Fargo initiates coverage on HBAN with "overweight" rating and sets PT of $23, a 29.4% upside to stock's last close
** Brokerage says Huntington is well-positioned to benefit from a multi-year commercial loan growth cycle and stronger growth in Texas and Southeastern U.S. markets
** Wells Fargo expects the lender's past acquisitions, including Veritex and Cadence-related deals, to drive benefits into late 2026 and support earnings growth
** 15 of 19 analysts rate stock "strong buy" or "buy" and four "hold"; their median PT is $20 - data compiled by LSEG
** Including session move, stock up 4% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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