Keefe Bruyette analyst David Konrad upgraded Huntington Bancshares to Market Perform from Underperform with a price target of $13, down from $13.50. The stock’s premium valuation has moved closer to peers during the recent market volatility for bank stocks, the analyst tells investors in a research note. The firm believes Huntington’s premium is appropriate given its "stronger-than-peer liquidity, strong capital and lower volatility to earnings."
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Published first on TheFly
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