Stephens upgraded KeyCorp to Overweight from Equal Weight with a price target of $16.50, up from $13. The stock is being upgraded following the underperformance in 2023, and the firm now sees the outsized growth in net interest income through 2025 to be a catalyst for multiple expansion, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KEY:
- KeyCorp price target raised by $2 at BofA
- KeyCorp price target raised by $4 at Wells Fargo, here’s why
- KeyCorp price target raised by $1.50 at Piper Sandler, here’s why
- KeyCorp reduces Q4 non-interest income outlook to down 8% to down 5%
- KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS