Fly News Breaks for December 10, 2018
RF, KEY
Dec 10, 2018 | 06:28 EDT
Nomura Instinet analyst Bill Carcache downgraded KeyCorp (KEY) to Reduce from Neutral and lowered his price target for the shares to $16 from $18. Accelerating commercial and industrial loan losses with drive negative earnings revisions and the shares to underperform regional peers, Carcache tells investors in a research note. He believes KeyCorp growing C&I loans at rates above the industry will bring greater than expected loan losses. The analyst this morning also downgraded Regions Financial (RF) to Reduced citing as similar rationale.
News For KEY;RF From the Last 2 Days