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Fly News Breaks for November 2, 2018
HBAN
Nov 2, 2018 | 07:11 EDT
Wedbush analyst Peter Winter downgraded Huntington Banchsares to Neutral from Outperform based on valuation. Winter also lowered his price target to $16 from $18 to reflect lower EPS estimates. In a research note to investors, Winter says his investment thesis has played out and its valuation has re-rated as the stock is up 52% since April 5, 2016 and now trades at a slight premium to its regional bank peers.
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