KeyCorp price target raised to $20 from $18 at BofA

BofA raised the firm’s price target on KeyCorp (KEY) to $20 from $18 and keeps a Buy rating on the shares. The firm, whose updated EPS forecast implies 20% in average annual EPS growth FY25-27, highlights this as being nearly double the 10% average growth forecast for peers. The firm’s raised target implies 28% upside in the stock, plus an “attractive” 5% dividend yield, leading it to believe KeyCorp shares offer “among the most compelling risk/reward in the super-regional bank space,” the analyst tells investors.