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Fly News Breaks for December 20, 2016
HBAN, FMER
Dec 20, 2016 | 08:42 EDT
As noted earlier, BMO Capital upgraded Huntington Bancshares to Outperform from Market Perform. Analyst Lana Chan believes that the bank has multiple catalysts, including possible better than expected results from its acquisition of FirstMerit (FMER) and a loan portfolio better positioned for higher interest rates. The analyst adds that the stock has the lowest valuation of any regional bank she covers. Target to $16 from $13.