Brokerage Firm Rating Update on KeyCorp (KEY)

KeyCorp (KEY) : The consensus on KeyCorp (KEY) based on 16 analyst recommendation on the company stock is 2.22, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

KeyCorp (KEY) : 12 Wall Street analysts covering KeyCorp (KEY) believe that the average level the stock could reach for the short term is $13.79. The maximum price target given is $16 and the minimum target for short term is around $13, hence the standard deviation is calculated at $1.12.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm PiperJaffray downgrades its rating on KeyCorp (NYSE:KEY). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on August 29, 2016.

KeyCorp (NYSE:KEY): The stock opened at $12.31 and touched an intraday high of $12.4 on Wednesday. During the day, the stock corrected to an intraday low of $12.24, however, the bulls stepped in and pushed the price higher to close in the green at $12.37 with a gain of 0.16% for the day. The total traded volume for the day was 11,151,442. The stock had closed at $12.35 in the previous trading session.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

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