S&P MAINTAINS BUY RECOMMENDATION ON SHARES OF HUNTINGTON BANCSHARES Wednesday 04/21/2010 11:34 AM ET - Standard & Poor's Research Notes Q1 EPS of $0.01, vs. a loss per share of $6.79, misses our $0.03 view, but beats consensus at a loss per share of $0.18. Our loan loss provisioning forecast assumed a faster decline, but we see credit metrics improving faster than HBAN's banking peers. We keep our '10 estimate of $0.21. Earlier, our main concern was that HBAN would need to raise additional equity capital, and today's results greatly ease this concern. We are raising our target price to $8, up $1, and we are basing it on a slight premium to peers 16.3X our unchanged '11 EPS estimate of $0.49.