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A Quick Look at Today's Ratings for KeyCorp(KEY.US), With a Forecast Between $18 to $20

Futu News ·  Oct 19 21:00  · Ratings

On Oct 19, major Wall Street analysts update their ratings for $KeyCorp (KEY.US)$, with price targets ranging from $18 to $20.

Morgan Stanley analyst Manan Gosalia maintains with a hold rating, and maintains the target price at $20.

Barclays analyst Jason Goldberg maintains with a hold rating, and adjusts the target price from $16 to $19.

Evercore analyst John Pancari maintains with a buy rating, and maintains the target price at $20.

Wedbush analyst David Chiaverini maintains with a hold rating, and maintains the target price at $18.

Furthermore, according to the comprehensive report, the opinions of $KeyCorp (KEY.US)$'s main analysts recently are as follows:

  • The bank's Q3 earnings surpassed expectations with net interest income and expenses outperforming consensus, even though fees did not meet projections.

  • The company exhibited solid core growth during the quarter, and it appears that the previous quarter may represent a turning point for both net interest income and net interest margin. Continued growth is anticipated through 2025, and it is expected that the ongoing restructuring of the company's bond portfolio, together with a significant investment, will likely be the catalysts for the growth in net interest income.

Here are the latest investment ratings and price targets for $KeyCorp (KEY.US)$ from 4 analysts:

StockTodayLatestRating_nn_202005_20241019_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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