Huntington Bancshares Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Huntington Bancshares Incorporated HBAN is expected to release financial results for its third quarter, before the opening bell on Oct. 20, 2023.

Analysts expect the company to post quarterly earnings at 32 cents per share, down from year-ago earnings of 39 cents per share. The company’s revenue might come in at $1.82 billion, compared to $1.84 billion in the year-ago period.

Huntington Bancshares shares fell 0.8% to close at $10.03 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Steven Alexopoulos maintained a Neutral rating and cut the price target from $13 to $12 on Oct. 5, 2023. This analyst has an accuracy rate of 62%.
• Citigroup analyst Keith Horowitz initiated coverage on the stock with a Buy rating and a price target of $12 on Sept. 29, 2023. This analyst has an accuracy rate of 70%.
• Piper Sandler analyst Scott Siefers maintained a Neutral rating and slashed the price target from $12.5 to $12 on Sept. 15, 2023. This analyst has an accuracy rate of 65%.
• Morgan Stanley analyst Betsy Graseck reiterated an Overweight rating with a price target of $12 on July 25, 2023. This analyst has an accuracy rate of 62%.
• Raymond James analyst David Long maintained a Strong Buy rating and raised the price target from $14 to $15 on July 24, 2023. This analyst has an accuracy rate of 61%.

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