Jefferies Upgrades KeyCorp to Buy, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ken Usdin has upgraded KeyCorp (NYSE:KEY) from Hold to Buy and increased the price target from $10 to $17, indicating a positive outlook for the company's stock.
January 09, 2024 | 10:23 am
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POSITIVE IMPACT
KeyCorp's stock rating has been upgraded by Jefferies from Hold to Buy, with the price target raised significantly from $10 to $17, suggesting a bullish stance on the stock's potential.
The upgrade from Hold to Buy by a reputable analyst at Jefferies, along with a substantial increase in the price target, is a strong positive signal to the market. This could lead to increased investor confidence and a potential short-term rise in KeyCorp's stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100