Credit Suisse Upgrades Zions (ZION), Downgrades KeyCorp (KEY)

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This morning an analyst at Credit Suisse issued a pair trade in the Regional Banking sector. The analyst upgraded shares of Zions Bancorp (Nasdaq: ZION) from Underperform to Neutral while at the same time downgrading KeyCorp (NYSE: KEY) shares from Outperform to Neutral.

Credit Suisse lifted its price target on Zions from $24 to $26 and maintained a $10 target on shares of KeyCorp.

Shares of Zions are indicated higher in today's pre-market session; traders are selling KeyCorp shares, now down about 0.6% to $7.93.

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