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Citi Transfers Regional Banking Coverage: Upgrades KEY, Downgrades CMA, Starts RF, STI, HBAN, ZION, FNFG, SIVB at Neutral, NYB at Sell

April 5, 2012 7:44 AM EDT Send to a Friend
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Price: $13.96 -1.2%

Rating Summary:
    10 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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Citi recently transferred coverage on Regional Bank stocks from analyst Keith Horowitz to Josh Levin.
  • KeyCorp (NYSE: KEY) upgraded from Neutral to Buy, $10 price target
  • Comerica (NYSE: CMA) downgraded from Neutral to Sell, $29 target
  • Regions Financial (NYSE: RF) initiated at Neutral, $7 target
  • SunTrust (NYSE: STI) initiated at Neutral, $26 target
  • Huntington Bancshares (Nasdaq: HBAN) initiated at Neutral, $7 target
  • Zions Bancorp (Nasdaq: ZION) initiated at Neutral, $22 target
  • First Niagara Financial (Nasdaq: FNFG) initiated at Neutral, $10 target
  • SVB Financial (Nasdaq: SIVB) initiated at Neutral, $66 target
  • New York Community Bancorp (NYSE: NYB) initiated at Sell, $11 target
  • First Horizon (NYSE: FHN) reiterated at Neutral, $11 target
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