DA Davidson raised the firm’s price target on KeyCorp to $18 from $16 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s net interest income looks “set to accelerate” despite a weaker loan outlook, benefiting by $120M-$125M in the second half of the year from repricing of $9.3B in swaps and treasuries, the analyst tells investors in a research note.
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