UPDATE: Stifel Nicolaus Downgrades KeyCorp to Sell on Limited EPS Upside
Stifel Nicolaus downgraded KeyCorp (NYSE: KEY) from Hold to Sell.
Stifel Nicolaus said, "Our analysis indicates the company has no material EPS upside in an environment where both the net interest margin and the loan loss provision expense normalize. The potential increase in net interest income would be significantly offset by an increase in loan loss provision expense. Despite this, the shares trade at the second highest P/E multiple within our large cap bank universe while its projected ROA remains lackluster."
KeyCorp closed at $9.57 on Friday.
Latest Ratings for KEY
|Aug 2015||Bernstein||Upgrades||Market Perform||Outperform|
|Aug 2015||Sterne Agee CRT||Initiates Coverage on||Buy|
|Aug 2015||Keefe Bruyette & Woods||Upgrades||Underperform||Market Perform|
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