RBC Capital Maintains Outperform Rating for KeyCorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for KeyCorp (NYSE:KEY) but lowered its price target from $14.00 to $13.00. KeyCorp's shares have fallen 2.86% in the last 24 hours to $13.05. The new price target suggests a slight decrease of 0.42% from the current price. KeyCorp, with over $170 billion in assets, operates predominantly in Ohio and New York, focusing on middle-market commercial clients.
December 05, 2023 | 5:00 pm
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RBC Capital maintains Outperform rating on KeyCorp but lowers price target to $13.00, indicating a potential 0.42% downside from the current price of $13.05.
The reduction in price target by RBC Capital, despite maintaining an Outperform rating, could lead to a negative perception among investors, potentially exerting downward pressure on KeyCorp's stock price in the short term. The recent 2.86% drop in share price may also contribute to bearish sentiment.
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IMPORTANCE 75
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