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Fly News Breaks for April 20, 2017
HBAN
Apr 20, 2017 | 06:56 EDT
DA Davidson analyst Kevin Reevey says that Huntington reported "sluggish" Q1 results. However, the analyst continues to expect the company to generate positive operating leverage this year. He predicts that its net interest margin will expand by 14 basis points this year, and he predicts that it will benefit from positive macro trends in its core markets. He recommends buying the shares on weakness and keeps a $16 price target and a Buy rating on the stock.
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