RBC Capital lowered the firm’s price target on Huntington Bancshares to $16 from $18 but keeps an Outperform rating on the shares. Bank stocks have come under extreme volatility in recent days, but Huntington Bancshares is very well positioned with a high-quality fortress balance sheet and liquidity levels, solid credit quality, and favorable near-and long-term outlooks, the analyst tells investors in a research note. The bank’s deposit base is also "granular and durable", RBC added.
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