From Financial Modeling Prep: 2025-03-10 11:00:00

Citi analysts upgraded KeyCorp (NYSE:KEY) from Neutral to Buy with a price target of $20.00, citing an attractive entry point for investors due to recent sector pullback.

KeyCorp is considered one of the best value stocks by Citi, with lower credit exposure and a strong proforma Common Equity Tier 1 (CET1) ratio of 9.8%, positioning it well amidst growing macroeconomic concerns.

Citi projects KeyCorp’s EPS to reach $2.00 by 2027, indicating potential for earnings power growth. The stock is currently trading at 8x normalized earnings, making it an appealing valuation play.

KeyCorp’s management is considering reinstating a share buyback authorization, adding to the bullish outlook for the stock.



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