JPMorgan Resumes KeyCorp (KEY) at Overweight

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Jefferies Cuts Price Target on KeyCorp (KEY) Following 2Q Report; Reiterates Buy

July 27, 2016 10:10 AM EDT

Jefferies maintained a Buy rating on KeyCorp (NYSE: KEY), and cut the price target to $14.00 (from $14.50), following the company's 2Q earnings report. While NII missed in 2Q, strong period-end loan growth (+2.3%) and the resetting of unusually low 2Q loan fees should generate... More