Morgan Stanley analyst Manan Gosalia raised the firm’s price target on KeyCorp (KEY) to $20 from $17 and keeps an Equal Weight rating on the shares. Midcap banks are trading at their widest discount to the largest banks in over 10 years, and the setup is positive going into earnings with green shoots on loan acceleration, benign credit and ongoing benefits to net interest income, the analyst tells investors in a research note.
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Read More on KEY:
- KeyCorp downgraded to Neutral from Outperform at Baird
- KeyCorp’s Stock Valuation Reflects Earnings Potential Amid Market Rally: Hold Rating Maintained
- KeyCorp price target raised to $19 from $17 at RBC Capital
- KeyCorp price target raised to $20 from $18 at BofA
- KeyCorp: Strong Buy Rating with 28% Upside Potential and Strategic Growth Focus