KeyCorp price target raised to $19 from $17 at Truist

Truist raised the firm’s price target on KeyCorp (KEY) to $19 from $17 and keeps a Hold rating on the shares after its Q2 results. The firm is increasing its expense numbers amid hiring and technology investments, and the provision numbers given continuing commercial growth, though against that, it also models higher fees from strong investment banking momentum, the analyst tells investors in a research note.