Jefferies Starts KeyCorp (KEY) at Hold

Jefferies analyst David Chiaverini initiates coverage on KeyCorp (NYSE: KEY) with a Hold rating and a price target of $18.00.

The analyst comments "We are initiating coverage of KeyCorp with a HOLD rating and a $18 price target. While we like Key's diversified revenue streams, strong relative capital position, and accelerated NII ramp from the Scotiabank investment (FY25 NII guided to increase 20%), we fear that ongoing economic uncertainty could present a risk to growth. Our rating is based on our view that Key's outlook is appropriately reflected in its relative valuation (9.8x '26 vs. 9.9x peer median)."

For an analyst ratings summary and ratings history on KeyCorp click here. For more ratings news on KeyCorp click here.

Shares of KeyCorp closed at $16.49 yesterday.

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