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Huntington Bancshares (HBAN) Gets a Buy from UBS

Tipranks - Tipranks - Wed Jul 8, 7:34AM CDT

In a report released today, from UBS assigned a Buy rating to Huntington Bancshares, with a price target of $22.00.

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In addition to UBS, Huntington Bancshares also received a Buy from J.P. Morgan’s Andrew J Dietrich in a report issued yesterday. However, on the same day, Jefferies downgraded Huntington Bancshares (NASDAQ: HBAN) to a Hold.

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Based on Huntington Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.77 billion and a net profit of $523 million. In comparison, last year the company earned a revenue of $2.98 billion and had a net profit of $527 million

Based on the recent corporate insider activity of 227 insiders, corporate insider sentiment is neutral on the stock. Last month, James Rollins, a Director at HBAN sold 223,522.00 shares for a total of $3,878,106.70.

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