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Analysts Offer Insights on Financial Companies: Huntington Bancshares (HBAN) and Westpac Banking (OtherWEBNF)

Tipranks - Tipranks - Tue Jun 2, 8:28PM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Huntington Bancshares (HBAN) and Westpac Banking (WEBNF).

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Huntington Bancshares (HBAN)

In a report released yesterday, Manan Gosalia from Morgan Stanley maintained a Buy rating on Huntington Bancshares. The company’s shares closed last Monday at $15.83.

According to TipRanks.com, Gosalia is a 4-star analyst with an average return of 8.0% and a 57.8% success rate. Gosalia covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon, and Valley National Bancorp. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Huntington Bancshares with a $19.40 average price target, representing a 19.8% upside. In a report issued on May 26, Bank of America Securities also maintained a Buy rating on the stock.

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Westpac Banking (WEBNF)

Morgan Stanley analyst Richard Wiles maintained a Sell rating on Westpac Banking today and set a price target of A$34.00. The company’s shares closed last Monday at $25.25.

According to TipRanks.com, Wiles has 0 stars on 0-5 stars ranking scale with an average return of -7.4% and a 36.7% success rate. Wiles covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Bendigo & Adelaide Bank, and Macquarie Group Limited. ;'>

Currently, the analyst consensus on Westpac Banking is a Moderate Sell with an average price target of $24.45, which is a -0.8% downside from current levels. In a report issued on May 29, J.P. Morgan also maintained a Sell rating on the stock with a A$35.30 price target.

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