This morning, RBC Capital reiterated their Outperform rating on KeyCorp’s stock with a price target of $41.00.

Given the provided information, the two bullet points explaining why RBC Capital reiterated an Outperform rating on KeyCorp’s stock with a price target of $41.00 might have been misplaced or confused with another entity’s data. The excerpts provided seem to focus on Keyera and its operations, rather than KeyCorp. However, based on typical rationale behind such ratings, we can infer general reasons why a financial institution like KeyCorp might receive an Outperform rating:

Strong Financial Performance and Growth Strategy: KeyCorp’s focus on serving middle-market commercial clients through a hybrid community/corporate bank model could be driving solid financial performance and strategic growth in its core markets. Analysts might see a strong growth trajectory or favorable financial metrics that suggest KeyCorp is outperforming its peers or the broader market.
Robust Market Position and Potential for Expansion: With a significant presence in Ohio and New York and assets over $180 billion, KeyCorp’s dominant market position and potential for further expansion into new or existing markets could be seen as a catalyst for future growth. This, coupled with a stable and possibly innovative approach to banking services, might contribute to a positive outlook from analysts.

For accurate information specifically related to KeyCorp, one should refer directly to analyst reports or KeyCorp’s financial statements and forecasts.

Jefferies Ken Usdin 93% 1-year accuracy 13 / 14 met price target	21%upside $19	Buy Maintained	19 Aug 2024
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target	27%upside $20	Equal-Weight Maintained	14 Aug 2024
RBC Capital Gerard Cassidy 93% 1-year accuracy 38 / 41 met price target	8%upside $17	Outperform Reiterated	13 Aug 2024
Citigroup Keith Horowitz 88% 1-year accuracy 14 / 16 met price target	21%upside $19	Buy Maintained	13 Aug 2024
Wedbush David Chiaverini 65% 1-year accuracy 34 / 52 met price target	8%upside $17	Neutral Maintained	13 Aug 2024

KeyCorpKEY

Fund manager confidence

48% more call options, than puts

18% more repeat investments, than reductions

0.81% more ownership

0% more funds holding in top 10

1% less funds holding

8% less capital invested

12% less first-time investments, than exits

Research analyst outlook

14 analyst ratings

Financial journalist opinion

KeyCorp
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