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Fly News Breaks for January 19, 2018
KEY
Jan 19, 2018 | 07:07 EDT
DA Davidson analyst Kevin Reevey raised his price target on KeyCorp to $26 and kept his Buy rating after Q4 earnings. Reevey notes that the core earnings growth of 16% was due to strong fee income, while revenue growth was driven by higher investment banking and debt placement fees from the recent Cain Brothers acquisition. The analyst adds that KeyCorp's credit quality remains healthy.
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