KeyCorp Reports Second Quarter 2015 Net Income of $230 Million, or $.27 Per Common Share
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Compass Point Cuts Price Target on KeyCorp (KEY) Following 2Q15 Results
July 17, 2015 6:42 AM EDTCompass Point reiterated a Buy rating on KeyCorp (NYSE: KEY), and cut the price target to $17.50 (from $18.00), following 2Q15 earnings. KEY reported earnings of $0.27 per share, compared to $0.28 consensus. Analyst Kevin Barker said that he lowered the price target to reflect expectations for KEY's sensitivity to interest rates.
Barker commented, "We reiterate our Buy rating, but adjust our price target to $17.50 from $18 following... More
