Wedbush Maintains Neutral Rating for KeyCorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wedbush has maintained a Neutral rating on KeyCorp (NYSE:KEY) but lowered its price target from $16.00 to $14.00. KeyCorp's shares are currently trading at $13.25, and the new price target suggests a potential upside of 5.66%. KeyCorp, with over $170 billion in assets, operates predominantly in Ohio and New York, focusing on middle-market commercial clients.
January 19, 2024 | 5:00 pm
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Wedbush maintains a Neutral rating on KeyCorp and lowers the price target to $14, indicating a potential 5.66% increase from the current price of $13.25.
The maintenance of a Neutral rating by Wedbush suggests no significant change in the company's outlook, while the decrease in price target could imply a tempered expectation of KeyCorp's stock performance. However, the new target still represents a potential increase in share price, which might have a mild positive effect on investor sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100