KeyCorp price target raised to $18 from $16 at BofA

BofA raised the firm’s price target on KeyCorp to $18 from $16 and keeps a Buy rating on the shares. The firm contends that “nothing so far this earnings season from 20+ banks that have reported suggests material degradation in credit quality” and adds that it sees KeyCorp stock offering “a particularly good opportunity to add exposure to multiple themes that could drive EPS upside and stock re-rating” of regional bank stocks.