JP Morgan analyst Steven Alexopoulos downgrades Huntington Bancshares (NASDAQ:HBAN) from Overweight to Neutral and lowers the price target from $17.5 to $14.5.
The Nasdaq 100 index had its worst day since late October 2023, with a 2.1% drop and fourth consecutive week of declines. Tech stocks have been hit hard by mixed earnings, geopolitical risks, and Fed's reluctance for rate cuts.
B of A Securities analyst Brad Sills downgrades AvidXchange Holdings (NASDAQ:AVDX) from Neutral to Underperform and lowers the price target from $10 to $8.