Extremely significant positive changes in KeyCorp (NYSE: KEY) investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted KeyCorp (NYSE: KEY): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, KEY is expected to continue to be an important Value Builder.
KeyCorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. KeyCorp has a slightly positive Power Rating of 70 and a very high Appreciation Score of 87, leading to the Highest Value Trend Rating.
Recent Price Action
On 7/15/24, KeyCorp (NYSE: KEY) stock increased 1.9%, closing at $15.50. Moreover, this advance was accompanied by above average trading volume at 129% of normal. Relative to the market the stock has been strong over the last nine months and has risen 11.1% during the last week.
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