DA Davidson raised the firm’s price target on KeyCorp (KEY) to $21 from $19 and keeps a Buy rating on the shares. KeyCorp management is confident it will meet or possibly exceed its updated guidance regardless of the macro uncertainty, given a positive net interest margin outlook and strong loan pipelines, the analyst tells investors in a research note.
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Read More on KEY:
- KeyCorp’s Balanced Outlook: Hold Rating Reflects Modest Near-Term Gains and Strategic Long-Term Prospects
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