J.P. Morgan Maintains Hold Rating on KeyCorp with $18.50 Price Target

KeyCorp received a Hold rating from J.P. Morgan's Vivek Juneja, with a $18.50 price target. The analyst consensus on the stock is a Moderate Buy with an average price target of $18.60, a 0.76% upside from current levels. Juneja has a 4-star rating and a 56% success rate, and the company's market cap is $20.25B with a P/E ratio of -111.54.

KeyCorp (KEY) has seen a mixed response from analysts in the past three months, with a majority favoring a Moderate Buy rating. The average analyst price target for the stock is $18.50, indicating a 0.76% upside from the current price of $18.48. However, J.P. Morgan's Vivek Juneja has downgraded his price target to $16.00, maintaining a Neutral rating [NUMBER: 1].

The downgrade from Juneja comes amidst a broader positive trend, as 14 out of 14 analysts have provided a rating in the past three months. Among these, 16 analysts have rated the stock as a Buy, while 13 have rated it as a Hold. No analysts have rated it as a Sell. The highest price target among analysts is $22.00, while the lowest is $16.00 [NUMBER: 1].

KeyCorp's stock has shown strong performance, with the company consistently beating earnings and sales estimates. In the past 12 months, KeyCorp has outperformed its industry in both earnings and sales. The company's financial health is reflected in its strong balance sheet and positive cash flow [NUMBER: 1].

Despite the positive outlook, analysts have noted potential challenges such as market uncertainty and valuation concerns. Technical analysis also indicates bullish momentum, but caution is warranted due to overbought signals [NUMBER: 1].

The mixed analyst sentiment and the recent downgrade by J.P. Morgan suggest a cautious approach for investors. KeyCorp's stock has a market cap of $20.25 billion and a P/E ratio of -111.54, indicating a high level of uncertainty in the market. Investors should closely monitor the company's earnings and other key developments to make informed investment decisions.

References:
[1] https://www.tipranks.com/stocks/key/forecast