Nomura Securities Downgrades Huntington Bancshares (HBAN) to Neutral
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Price: $17.91 +0.79%
Rating Summary:
18 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities downgraded Huntington Bancshares (NASDAQ: HBAN) from Buy to Neutral.
Nomura analyst, Brian Foran, said, "HBAN is growing loans as we thought, but yields are falling more than we expected. This lack of pricing power leads us to move to Neutral, even as we revise up near-term EPS on credit. Our target falls to $7.50 from $8."
For more ratings news on Huntington Bancshares click here and for the rating history of Huntington Bancshares click here.
Shares of Huntington Bancshares closed at $6.68 yesterday.
Nomura analyst, Brian Foran, said, "HBAN is growing loans as we thought, but yields are falling more than we expected. This lack of pricing power leads us to move to Neutral, even as we revise up near-term EPS on credit. Our target falls to $7.50 from $8."
For more ratings news on Huntington Bancshares click here and for the rating history of Huntington Bancshares click here.
Shares of Huntington Bancshares closed at $6.68 yesterday.
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