Citigroup Maintains Buy Rating for KeyCorp: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of KeyCorp KEY and lower its price target from $16.00 to $15.00.

Shares of KeyCorp are trading down 0.5% over the last 24 hours, at $10.96 per share.

A move to $15.00 would account for a 36.8% increase from the current share price.

About KeyCorp

With assets of over $170 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.