Morgan Stanley Assumes KeyCorp to Equal-weight

Brokerage firm Morgan Stanley Assumes its rating on KeyCorp(NYSE:KEY). The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Apr 12, 2016.

In a different note, On Mar 10, 2016, Credit Suisse said it Maintains its rating on KeyCorp. In the research note, the firm Lowers the price-target to $15.50 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 11, 2016, Nomura said it Maintains its rating on KeyCorp. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 5, 2016, UBS said it Upgrades its rating on KeyCorp. The shares have been rated ‘Buy’ by the firm. On Jan 26, 2016, Deutsche Bank said it Maintains its rating on KeyCorp. According to the research note, Deutsche Bank Lowers the price target to $13 per share from a prior target of $14. The shares have been rated ‘Hold’ by the firm. On Jan 22, 2016, Stephens Inc said it Upgrades its rating on KeyCorp. The shares have been rated ‘Overweight’ by the firm. On Jan 22, 2016, FBR Capital said it Maintains its rating on KeyCorp. According to the research note, FBR Capital Lowers the price target to $12.5 per share from a prior target of $15. The shares have been rated ‘Market Perform’ by the firm.

KeyCorp (KEY) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.26% at a volume of 1,08,27,911. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.8. The peak price level was also seen at $11.8 while the days lowest was $11.63. Finally the shares closed at $11.7. The 52-week high of the shares is $15.7 while the 52-week low is $9.88. According to the latest information available, the market cap of the company is $9,777 M.

KeyCorp(KEY) last announced its earnings results on Jan 21, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.09B. Analysts had an estimated revenue of $1.09B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Elizabeth R. Gile (director) purchased 715 shares at $12.62 per share price.Also, On Feb 22, 2016, Ruth Ann M Gillis (director) purchased 8,300 shares at $10.63 per share price.On Feb 22, 2016, Kristen L Manos (director) purchased 10,000 shares at $10.62 per share price, according to the Form-4 filing with the securities and exchange commission.

KeyCorp is a bank holding company. The Bank operates through its subsidiary KeyBank National Association which is engaged in providing banking services. Through KeyBank and other subsidiaries the Bank provides a range of retail and commercial banking commercial leasing investment management consumer finance commercial mortgage servicing and special servicing and investment banking products and services. The Bank provides these services to individual corporate and institutional clients. The Bank operates in two segments: Key Community Bank which serves individuals and small to mid-sized businesses by offering a variety of deposit investment lending credit card and personalized wealth management products and business advisory services and Key Corporate Bank is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer energy healthcare industrial public sector real estate and technology.

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