FMP
Jul 26, 2024 9:39 AM - Davit Kirakosyan
Baird analysts downgraded Huntington Bancshares (NASDAQ:HBAN) to Neutral from Outperform, setting a price target of $15 on the stock. The analysts explained the downgrade by pointing out that while Huntington Bancshares is a high-quality bank, the recent surge in the regional banking sector makes it difficult to justify maintaining an Outperform rating.
The analysts acknowledged the potential for market participants to rotate into banks, noting that such a move could significantly impact regional banks due to their relatively smaller market capitalizations. Despite recognizing that banks are currently cheaper compared to some mega-cap growth stocks, they expressed concern that most regional banks, including Huntington, are now fairly or fully priced on an absolute basis. Given these valuations, the analysts stated that they could not continue to recommend a bullish stance solely based on the relative cheapness of banks compared to the broader equity market, which they believe is at historically high levels.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...