Wedbush Reaffirms Their Hold Rating on KeyCorp (KEY)

In a report released today, David Chiaverini from Wedbush maintained a Hold rating on KeyCorp (KEYResearch Report), with a price target of $17.00. The company’s shares closed yesterday at $16.45.

According to TipRanks, Chiaverini is a 3-star analyst with an average return of 1.5% and a 43.72% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Silvergate Capital, SoFi Technologies, and BankUnited.

In addition to Wedbush, KeyCorp also received a Hold from Deutsche Bank’s Matt O’Connor in a report issued on January 6. However, on January 10, Odeon Capital Group LLC upgraded KeyCorp (NYSE: KEY) to a Buy.

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KEY market cap is currently $16.08B and has a P/E ratio of 8.54.

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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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