Baird downgraded KeyCorp (KEY) to Neutral from Outperform with an $18 price target Baird feels “fine” about KeyCorp, but would not chase the stock here and thinks the near-term upside has played out, the analyst tells investors in a research note. The firm believes normalized EPS of $2/share could happen as early as fiscal 2027, but is already reflected in the stock price.
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