NEW YORK (TheStreet) -- Shares of Huntington Bancshares (HBAN - Get Report) were lower in midday trading on Tuesday as FBR Capital downgraded the stock to "market perform" from "outperform," the Fly reports.
The firm has an $11 price target on shares of the Columbus, OH-based regional bank holding company.
FBR Capital cited valuation due to recent strength in the stock, the Fly noted.
The company is scheduled to report its 2016 third quarter results on October 26.
(Huntington Bancshares is held in David Peltier's Stocks Under $10 portfolio. See all of his holdings with a free trial.)
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and attractive valuation levels.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: HBAN