KeyCorp price target lowered to $14 from $16 at Wedbush

Wedbush lowered the firm’s price target on KeyCorp to $14 from $16 and keeps a Neutral rating on the shares. KeyCorp reported a mixed quarter, driven by a lower estimated net interest income benefit from the repricing of swap maturities and treasury bond maturities looking out to 1Q25 than previously assumed, the analyst tells investors in a research note. Guidance for 2024 was also lower than expected, the firm says.