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Jefferies Starts KeyCorp (KEY) at Hold

November 11, 2010 7:47 AM EST Send to a Friend
Get Alerts KEY Hot Sheet
Price: $13.55 --0%

Rating Summary:
    10 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 23 | New: 23
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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.




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