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

Tipranks - Wed Jun 10, 7:40PM CDT

In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on KeyCorp, with a price target of $24.00.

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According to TipRanks, Mayo is a top 100 analyst with an average return of 18.2% and a 73.81% success rate. Mayo covers the Financial sector, focusing on stocks such as JPMorgan Chase, Fifth Third Bancorp, and State Street.

Currently, the analyst consensus on KeyCorp is a Moderate Buy with an average price target of $24.35.

Based on KeyCorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.73 billion and a net profit of $522 million. In comparison, last year the company earned a revenue of $2.7 billion and had a net profit of $405 million

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KEY in relation to earlier this year. Earlier this month, Elizabeth Gile, a Director at KEY sold 23,946.00 shares for a total of $499,992.48.

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