BUZZ-Huntington Bancshares falls even after lifting annual interest income forecast

Reuters
18 Jul
BUZZ-<a href="https://laohu8.com/S/HBANM">Huntington Bancshares</a> falls even after lifting annual interest income forecast

** Regional lender Huntington Bancshares' HBAN.O shares fall 2.8% to $16.51

** HBAN now expects net interest income to grow between 8% and 9% in 2025, compared with prior forecast of 5% and 7% rise

** Market consensus expects HBAN NII to rise 9.1% this year - data compiled by LSEG

** "The updated NII outlook vs. consensus may weigh on shares over near term though the loan growth appears conservative," Stephens analyst Terry McEvoy says

** "Given updated guidance revisions already priced in by the Street, we expect reaction to be fairly muted," Citi analyst Keith Horowitz says

** 17 of 21 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; median PT $19 - data compiled by LSEG

** As of last close, HBAN stock up 4.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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