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Fly News Breaks for December 5, 2016
KEY
Dec 5, 2016 | 07:31 EDT
CLSA analyst Mike Mayo downgraded KeyCorp (KEY) to Underperform and maintained its $19 price target. Mayo said Comerica (CMA) and Zions (ZION) benefit more than other large banks from higher rates, lower taxes, and exit from SIFI status, in contrast to KeyCorp which is estimated to have no benefit and has a higher valuation.
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