Morgan Stanley Maintains Equal-Weight on KeyCorp, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Equal-Weight rating on KeyCorp (NYSE:KEY) and increased the price target from $11 to $12.
December 04, 2023 | 3:56 pm
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Morgan Stanley has raised the price target for KeyCorp from $11 to $12 while maintaining an Equal-Weight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on the stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains Equal-Weight, it indicates that the stock is perceived to be valued appropriately, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100