Baird adds ‘Fresh Pick designation’ on Huntington Bancshares

Baird added a “Fresh Pick designation” on Huntington Bancshares (HBAN) while keeping an Outperform rating on the name with a $20 price target The firm believes the recent weakness in bank socks creates more attractive risk/reward trade-offs. There is a “margin of safety” in many regional banks at current prices, as capital is in good shape and credit trends are solid, the analyst tells investors in a research note. Baird believes now is a good time to add to or take positions in bank regionals.