UPDATE: Compass Point Downgrades Huntington Bancshares to Neutral Following 1Q13 Earnings

In a report published Thursday, Compass Point analyst Jason Stewart downgraded the rating on Huntington Bancshares (NASDAQ: HBAN ) from Buy to Neutral, but reiterated the $8.00 price target. In the report, Stewart noted, “Following 1Q13 earnings, we downgrade our rating on the shares of HBAN to Neutral from Buy.