UPDATE: Bank of America Raises Huntington Bancshares' PO

According to a research report published earlier today, Bank of America has increased Huntington Bancshares' HBAN PO from $6.50 to $7. Bank of America commented in the report, “We believe 1Q12 results showed solid momentum, as top line gains outpaced growth in expenses. While we remain cautious on the sector as a whole given strong stock performance YTD and the potential for a 2H economic slowdown, we believe HBAN is one of the best positioned mid-sized regionals for 2012.” Bank of America maintains its Buy rating on Huntington Bancshares, which is currently trading at $6.46.