Jefferies Starts KeyCorp (KEY) at Hold

November 11, 2010 7:47 AM EST
Get Alerts KEY Hot Sheet
Price: $17.86 +0.11%

Rating Summary:
    19 Buy, 15 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade KEY Now!
Join SI Premium – FREE
Jefferies initiates coverage on KeyCorp (NYSE: KEY) with a Hold rating and a target price of $9.

The firm said that, "KEY's attributes include a sharp improvement in credit quality, steadying revenues, and strongcapital. While its 1x tangible book multiple is attractive, it reflects a below-average ROE profile and the stock also feels a bit crowded."

For more ratings news on KeyCorp click here and for the rating history of KeyCorp click here.

Shares of KeyCorp closed at $8.42 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

New Coverage

Related Entities

Jefferies & Co

Add Your Comment