Keefe Bruyette raised the firm’s price target on KeyCorp to $17 from $15 and keeps an Outperform rating on the shares. The stock has rallied as lower interest rates has eased investors’ concerns regarding capital and credit, the analyst tells investors in a research note. The firm believes the recent decline in rates gives KeyCorp further support to maintain its high dividend payout ratio until earnings rebound in the second half of 2025.
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