Avery Schumer
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Avery Schumer in Sector Report,

KeyCorp Shares Upgraded To Buy At UBS

UBS upgraded shares of KeyCorp , as the firm thinks skepticism reflected in valuation about the company's ability to generate better returns than peer group financial performance is excessive.


Deal Boost

Analyst Saul Martinez noted that the company continues to deliver on its First Niagara acquisition, with the net present value of cost saves alone accounting for 65 percent of the purchase price. The analyst also thinks the platforms of both the banks are complementary.

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