UBS downgraded Huntington Bancshares to Neutral from Buy. The "negative cyclical and structural aftermath is likely meaningful" from the liquidity crisis in the bank group, and "potentially exacerbated for regional banks," said the firm, which cut its FY23 EPS estimate by 5% for the group and its FY24 EPS forecast by 16% on average.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on HBAN:
- Huntington Bancshares price target lowered to $15 from $18 at Raymond James
- Huntington Bancshares price target lowered to $11 from $13.50 at JPMorgan
- Huntington upgraded to Market Perform from Underperform at Keefe Bruyette
- Huntington Bancshares price target lowered to $13 from $18 at Morgan Stanley
- Huntington Bancshares put volume heavy and directionally bearish