Wedbush analyst David Chiaverini raised the firm’s price target on KeyCorp to $13 from $10 and keeps a Neutral rating on the shares. KeyCorp reported a mixed quarter as it lowered most of its FY23 guidance, but the NII benefit was increased from the repricing of treasury bond maturities and swap maturities looking out to 1Q25, the analyst tells investors in a research note.
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Read More on KEY:
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- KeyCorp (NYSE:KEY) Drops on Q2 Miss
- KeyCorp sees Q4 NII flat to down 2% vs. Q3
- KeyCorp sees Q3 NII down 4%-6% vs. Q2
- KeyCorp reiterates long-term targets
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