KeyCorp price target lowered to $21 from $22 at DA Davidson

DA Davidson analyst Peter Winter lowered the firm’s price target on KeyCorp (KEY) to $21 from $22 and keeps a Buy rating on the shares. The company reported a strong Q3 and increased its FY revenue guidance, though consensus estimates were already there, the analyst tells investors in a research note. The firm adds that KeyCorp capital levels are at top-end of peers and its credit quality remains strong, while its management expects strong revenue momentum to carry over to 2026.