Fly News Breaks for December 13, 2019
Dec 13, 2019 | 05:58 EDT
UBS analyst Brock Vandervliet downgraded Huntington Bancshares to Neutral from Buy with an unchanged price target of $15.50. The shares have rallied 29% year-to-date, outperforming the sector by nine points, Vandervliet tells investors in a research note. However, the analyst sees limited upside going forward as Huntington's earnings growth slows due to several main factors, including slower loan growth, lower net interest margin and reduced buybacks.
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