Balanced Risk-Reward Keeps KeyCorp Rated Hold Despite Improving Fundamentals and Capital Returns
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KeyCorp remains rated Hold by Citi analyst Keith Horowitz, with a price target of $22.00. The rating reflects improving fundamentals and capital returns, but limited upside due to market appreciation of these positives. KeyCorp's solid net interest income and revenue growth are noted, alongside manageable net charge-offs. Despite a projected $1 billion in share buybacks by 2026, the expected share price return is mid-single digits, leading to a balanced risk-reward profile. Truist Financial also maintains a Hold rating with the same price target. Over six months, KEY's price increased by 19.00%.
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