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Fly News Breaks for May 6, 2015
KEY
May 6, 2015 | 06:08 EDT
Keefe Bruyette downgraded KeyCorp to Underperform from Market Perform with the stock above its price target of $14. Keefe cites a "premium" valuation multiple despite "mediocre profitability ratios" and potential downside risk to earnings estimates for the downgrade.