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Fly News Breaks for May 26, 2015
HBAN
May 26, 2015 | 07:00 EDT
Macquarie transferred coverage on Huntington Bancshares with an Underperform rating from a Neutral rating and a $10 price target. The firm believes a flattening yield curve with short-term rates increasing faster than long-term will pressure Huntington's margins, creating modest NIM pressure. Macquarie expects consensus estimates to move lower and for the multiple to contract.
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