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KEY

KeyCorp

$16.73

-0.37 (-2.16%)

, RF

Regions Financial

$14.90

-0.4 (-2.61%)

06:28
12/10/18
12/10
06:28
12/10/18
06:28

KeyCorp downgraded to Reduce with $16 target at Nomura Instinet

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.

KEY

KeyCorp

$16.73

-0.37 (-2.16%)

RF

Regions Financial

$14.90

-0.4 (-2.61%)

  • 17

    Jan

KEY KeyCorp
$16.73

-0.37 (-2.16%)

12/10/18
NOMU
12/10/18
DOWNGRADE
NOMU
Reduce
KeyCorp downgraded to Reduce from Neutral at Nomura Instinet
11/13/18
NOMU
11/13/18
DOWNGRADE
Target $18
NOMU
Neutral
KeyCorp downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Bill Carcache downgraded KeyCorp to Neutral and lowered his price target for the shares to $18 from $20. The analyst cites valuation for the downgrade as he sees limited upside potential from current share levels.
10/12/18
STPT
10/12/18
UPGRADE
STPT
Buy
KeyCorp upgraded to Buy from Hold at Standpoint Research
09/26/18
GSCO
09/26/18
UPGRADE
Target $196
GSCO
Buy
Goldman says rate hikes halfway through, upgrades M&T Bank to Buy
Goldman Sachs analyst Ryan Nash says his firm's economist is calling for six more rate hikes, two in the second half of 2018 and four more through the end of 2020. With six rate hikes in the books, Goldman believes we are half way through the rate rising cycle, Nash tells investors in a research note. The analyst believes some banks will see upside to revenue growth from rates moving higher. Comerica (CMA), Regions Financial (RF), SunTrust (STI), Citizens Financial (CFG) and KeyCorp (KEY) remain top picks for Nash. He also upgraded M&T Bank (MTB) to Buy from Neutral with 15% upside to his $196 price target. The analyst believes M&T will outperform as the benefits of higher rates exceed market expectations.
RF Regions Financial
$14.90

-0.4 (-2.61%)

12/10/18
NOMU
12/10/18
DOWNGRADE
Target $14
NOMU
Reduce
Regions Financial downgraded to Reduce with $14 target at Nomura Instinet
Nomura Instinet analyst Bill Carcache downgraded Regions Financial to Reduce from Neutral and lowered his price target for the shares to $14 from $17. 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 Regions growing C&I loans at rates above the industry will bring greater than expected loan losses.
12/10/18
NOMU
12/10/18
DOWNGRADE
NOMU
Reduce
Regions Financial downgraded to Reduce from Neutral at Nomura Instinet
11/28/18
ARGS
11/28/18
INITIATION
Target $19
ARGS
Buy
Regions Financial initiated with a Buy at Argus
Argus analyst Kevin Heal initiated Regions Financial with a Buy rating and a price target of $19, saying the company has been posting "stronger lending revenue in recent quarters" amid growth in commercial loans a wider net interest margin. The analyst is positive on Regions' "Simplify and Grow" strategy with expended presence in the Southeast, also having solid its non-core Regions Insurance unit in Q3. With the latest 55% increase in dividend and a 38% boost in stock buyback, Heal further cites the company's "strong balance sheet and a focus on shareholder returns."
11/28/18
ARGS
11/28/18
INITIATION
ARGS
Buy
Regions Financial initiated with a Buy at Argus

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  • 12

    Dec

SHAK

Shake Shack

$59.20

0.29 (0.49%)

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  • 13

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MCK

McKesson

$144.02

0.62 (0.43%)

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CAT

Caterpillar

$146.49

2.42 (1.68%)

10:58
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  • 31

    Jan

BILL

Bill.com

$0.00

(0.00%)

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  • 12

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  • 12

    Dec

BBU

Brookfield Business Partners

$40.99

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Genworth

$4.60

0.135 (3.03%)

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BBU

Brookfield Business Partners

$40.99

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Genworth

$4.60

0.135 (3.03%)

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  • 12

    Dec

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General news
Treasury 30-year auction outlook: the $16 B reopening rounds out this week's auctions »

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TSLA

Tesla

$359.21

6.81 (1.93%)

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  • 07

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GE

General Electric

$11.42

0.44 (4.01%)

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  • 29

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BILL

Bill.com

$0.00

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ABBV

AbbVie

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1.46 (1.68%)

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