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Fly News Breaks for November 2, 2015
FNFG, KEY
Nov 2, 2015 | 06:27 EDT
Keefe Bruyette analyst Christopher Mutascio upgraded KeyCorp (KEY) to Outperform citing the 11% pullback in shares since the company announced the acquisition of First Niagara (FNFG). The deal will be more accretive than management's guidance, Mutascio tells investors in a research note. He raised his price target for shares to $15.50 from $15.