11:56 AM EDT, 04/08/2024 (MT Newswires) -- Huntington Bancshares ( HBAN ) is poised for revenue growth and improved capital flexibility through 2025 given its footprint, franchise investments, and solid execution, BofA Securities said in a Monday note.

"We view [Huntington Bancshares ( HBAN )] as well positioned to navigate multiple macroeconomic outcomes," the investment firm said. BofA Securities estimated the company's 2025 revenue growth at 8.4%, expecting franchise investments to drive the growth even with muted loan demand.

The investment firm also said it sees fewer rate cuts as a positive factor for the company, along with its below-average exposure to commercial real estate. BofA Securities further noted that Huntington Bancshares' ( HBAN ) Huntington Bancshares ( HBAN ) provides "EPS defensibility" from potential macroeconomic changes.

BofA Securities raised its earnings per share estimates for the company for the years 2024 to 2026 driven by higher net interest income outlook.

BofA Securities upgraded Huntington Bancshares ( HBAN ) to buy from neutral, with a higher price target of $16 from $14.

Shares of Huntington Bancshares ( HBAN ) were up more than 2% in recent trading.

Price: 13.95, Change: +0.35, Percent Change: +2.57