Cracking The Code: Understanding Analyst Reviews For KeyCorp
Portfolio Pulse from Benzinga Insights
KeyCorp (NYSE:KEY) has received mixed analyst ratings over the past three months, with 8 analysts offering a range of perspectives. The average 12-month price target for KEY has risen to $14.75, up 12.77% from the previous target of $13.08. Analysts from firms like Keefe, Bruyette & Woods, Barclays, Goldman Sachs, Wells Fargo, Stephens & Co., RBC Capital, and Morgan Stanley have updated their ratings and price targets. KeyCorp's financials show a decline in revenue growth, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio. The company, with over $170 billion in assets, operates primarily in Ohio and New York, focusing on middle-market commercial clients.
January 08, 2024 | 6:00 pm
News sentiment analysis
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KeyCorp has received varied analyst ratings, with an average 12-month price target of $14.75, indicating a positive sentiment. However, financial challenges such as a revenue decline and below-average profitability metrics may temper investor enthusiasm.
The mixed analyst ratings and increased average price target suggest a cautiously optimistic outlook for KeyCorp. However, the financial challenges highlighted, such as the revenue decline and lower profitability metrics, could offset some of the positive sentiment from the analyst ratings in the short term. The score is neutral (0) due to these counterbalancing factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100