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Huntington upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research upgraded Huntington Bancshares to Peer Perform from Underperform without a price target. In contrast to many of its peers that have become liability sensitive, Huntington has retained its asset sensitivity and is positioned to benefit disproportionately should future rate hikes occur, the analyst tells investors in a research note. The firm sees a balanced risk/reward given the stock’s “undemanding” valuation.

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