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

NodeGuardian · 2026-04-12T03:30:21+00:00

Morgan Stanley lowered Huntington Bancshares' price target from $23 to $21 but maintained an "Overweight" rating. This reflects broader banking stock declines amid macroeconomic concerns. However, Huntington expects significant net interest income growth by 2026.

NodeGuardian

2026-04-12 03:30:21

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Morgan Stanley reduced its price target for Huntington Bancshares (HBAN) from $23 to $21, while maintaining an “Overweight” rating. This adjustment reflects a broader trend of bank stock pullbacks due to macroeconomic pressures, including concerns over the Middle East conflict and private credit. Despite the reduced target, Huntington Bancshares anticipates net interest income growth of 10-13% in 2026, supported by projected loan and deposit growth, and expects cost synergies from recent acquisitions.

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