KeyCorp Upgraded to Outperform
January 03, 2011 at 12:46 PM EST
We are upgrading our recommendation on KeyCorp (KEY) to Outperform from Neutral, based on its strong earnings and improving fundamentals. KeyCorp’s third quarter results mark its second consecutive profitable quarter since the beginning of the financial crisis in early 2008. Third quarter net income from continuing operations came in at 19 cents per share, substantially [...]