Goldman Sachs Upgrades KeyCorp (KEY) to Buy

April 7, 2010 7:25 AM EDT Send to a Friend
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Price: $13.24 -0.82%

Rating Summary:
    12 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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Goldman Sachs upgrades KeyCorp (NYSE: KEY) from Neutral to Buy and raised their price target from $7 to $10.

The firm said, "CD re-pricing is the most actionable impact of market liquidity, and Key has the biggest and most expensive CD book with about 2/3 of it re-pricing this year."

The firm raised normalized EPS estimate to $1.00 from $0.78.

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