Morgan Stanley Cuts Huntington Bancshares (HBAN) Target as Bank Stocks Face Macro Pressure

2026-04-12 08:04:06

Morgan Stanley has lowered its price target for Huntington Bancshares (HBAN) from $23 to $21, while maintaining an Overweight rating. This decision reflects broader macro pressures on bank stocks, including concerns over the Middle East conflict and private credit headlines, which led to a 5% decline in various bank stocks over the past month. Despite the reduced valuation multiples, Huntington Bancshares projects significant growth in net interest income, loan growth, and deposit growth for 2026, alongside expected increases in fee revenues, though core expenses are also anticipated to rise.

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