These Analysts Boost Their Forecasts On Huntington Bancshares Following Strong Q3 Earnings

Core Insights - Huntington Bancshares Incorporated reported third-quarter earnings of 41 cents per share, exceeding the analyst consensus estimate of 37 cents per share [1] Financial Performance - The company achieved significant growth, with loans and deposits increasing by more than $11 billion and $8 billion respectively over the past year [2] - Approximately 60% of loan growth came from core businesses, while 40% was attributed to new initiatives [2] Market Reaction - Following the earnings announcement, Huntington Bancshares shares rose by 2.1%, trading at $15.82 [2] Analyst Ratings and Price Targets - Keefe, Bruyette & Woods analyst David Konrad maintained a Market Perform rating and raised the price target from $19 to $20 [5] - TD Cowen analyst Steven Alexoloulos maintained a Buy rating and increased the price target from $21 to $22 [5]