Analysts are Downgrading These 5 Stocks Today

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1. Huntington Bancshares Incorporated (NASDAQ:HBAN)

Number of Hedge Fund Holders: 26

Huntington Bancshares Incorporated (NASDAQ:HBAN) was downgraded from a Peer Perform to an Underperform rating by Bill Carache at Wolfe Research. The analyst also cut the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) from $15 to $11. Carache anticipates further multiple compression amongst the mid-cap banks based on the assumption that a recession is likely. As a result, he has taken a more cautious approach to Huntington Bancshares Incorporated (NASDAQ:HBAN) stock. On May 12, Huntington Bancshares Incorporated (NASDAQ:HBAN) acquired a business-to-consumer (B2C) payments fintech company, Torana, for an undisclosed amount. The digital payment solution offered by Torana will now launch as Huntington ChoicePay.

You can also take a peek at the 12 Best American Stocks To Buy in 2022 and 10 Best Micro-Cap Stocks to Buy According to Hedge Funds.

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