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UPDATE: Stifel Nicolaus Downgrades KeyCorp to Sell on Limited EPS Upside

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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

DateFirmActionFromTo
Mar 2015UBSInitiates Coverage onNeutral
Feb 2015Deutsche BankMaintainsBuy
Feb 2015CitigroupMaintainsNeutral

View More Analyst Ratings for KEY
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

 

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