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Fly News Breaks for January 18, 2019
KEY
Jan 18, 2019 | 07:16 EDT
BMO Capital analyst Lana Chan downgraded KeyCorp to Market Perform and lowered her price target to $17 from $19. The analyst cites her diminished confidence that KeyCorp can meet its efficiency goals while also noting the "anticipated dilution from the pending acquisition of Laurel Bank's digital lending platform and softer loan growth expectation". Chan adds that she is concerned about KeyCorp becoming a "value story without a better catalyst."