Citigroup Maintains Buy Rating for KeyCorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for KeyCorp (NYSE:KEY) while lowering its price target from $16.00 to $15.00. KeyCorp's shares are trading down 0.5% at $10.96 per share, and a move to $15.00 would represent a 36.8% increase.
June 08, 2023 | 5:00 pm
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Citigroup maintains Buy rating for KeyCorp (NYSE:KEY) and lowers price target from $16.00 to $15.00. Shares are trading down 0.5% at $10.96.
Citigroup's decision to maintain a Buy rating for KeyCorp indicates a positive outlook for the stock. However, the lowering of the price target from $16.00 to $15.00 suggests a slightly reduced growth potential. Despite the stock trading down 0.5% at $10.96, the new price target still represents a significant 36.8% increase, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100