Raymond James Initiates Coverage On KeyCorp with Market Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long has initiated coverage on KeyCorp (NYSE:KEY) with a Market Perform rating, indicating a neutral outlook on the company's stock.
January 08, 2024 | 5:32 pm
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NEUTRAL IMPACT
KeyCorp (NYSE:KEY) received a Market Perform rating from Raymond James, suggesting a neutral stance on the stock's short-term performance.
Analyst ratings can influence investor sentiment and stock performance. A Market Perform rating implies that the analyst believes the stock will perform in line with the market, neither outperforming nor underperforming. This neutral stance is likely to have a muted impact on the stock price in the short term, as it does not suggest significant over or undervaluation.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100