KeyCorp (KEY) Receives a Rating Update from a Top Analyst

RBC Capital analyst Gerard Cassidy maintained a Buy rating on KeyCorp (KEYResearch Report) on January 19 and set a price target of $22.00. The company’s shares closed yesterday at $18.07.

Cassidy covers the Financial sector, focusing on stocks such as KeyCorp, Bank of America, and Bank of New York Mellon Corporation. According to TipRanks, Cassidy has an average return of 23.9% and a 71.26% success rate on recommended stocks.

In addition to RBC Capital, KeyCorp also received a Buy from D.A. Davidson’s Peter Winter in a report issued on January 20. However, yesterday, J.P. Morgan maintained a Sell rating on KeyCorp (NYSE: KEY).

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KEY market cap is currently $16.27B and has a P/E ratio of 9.05.

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KeyCorp operates as bank holding company. The company operates through the following segments: Consumer Bank and Commercial Bank. The Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services. The Commercial Bank segment engages in serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology The company was founded in 1958 and is headquartered in Cleveland, OH.

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