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Compass Point Reiterates Buy on KeyCorp (KEY) Following 3Q15 Earnings

October 16, 2015 8:22 AM EDT

Compass Point reiterated a Buy rating and $17.50 price target on KeyCorp (NYSE: KEY) following the company's 3Q15 earnings results. KEY reported operating EPS of $0.27/sh which was a penny below consensus estimates. The earnings miss was due to higher compensation expense and a higher than expected provision.

Analyst Jesus Bueno commented, "We reiterate our Buy rating and maintain our $17.50 PT following the 3Q15 earnings release. KEY reported operating EPS of $0.27/sh which was a penny below our $0.28/sh estimate.... More