UPDATE: Bank of America Raises Huntington Bancshares' PO
According to a research report published earlier today, Bank of America has increased Huntington Bancshares' (NASDAQ: 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.