Huntington Bancshares Incorporated (HBAN) Maintains Outperform Rating; Price Target Raised

Analysts David Rochester and Michael Tarkan at FBR Capital Markets have released an update on Huntington Bancshares Incorporated (NASDAQ: HBAN).

Analysts remain constructive on the shares of Huntington Bancshares following the recent price appreciation. Analysts estimate that the shares of the company are still cheaper on P/TBV and normalized P/E basis relative to the industry.

Analysts at FBR Capital Markets have maintained their Outperform rating for Huntington Bancshares Incorporated. The price target for the company has been raised slightly from $5.50 to $6.