TD Cowen Lowers KeyCorp (KEY) Price Target to $19, Maintains Hold Rating

Core Viewpoint - KeyCorp (NYSE:KEY) is recognized for its strong fundamentals and consistent dividend history, but faces potential merger and acquisition risks that have led to a lowered price target by TD Cowen [3][5]. Financial Performance - KeyCorp reported a strong third-quarter 2025 performance, showcasing solid top-line growth and an improved earnings outlook, with a clearer path toward achieving a 13–15% return on tangible common equity (ROTCE) [4]. Analyst Ratings - TD Cowen has reduced its price target for KeyCorp from $21.00 to $19.00 while maintaining a Hold rating, citing M&A risks as a significant factor in their cautious outlook [3]. Dividend Information - KeyCorp has a consistent dividend history since 1985, currently offering a quarterly dividend of $0.205 per share, resulting in a dividend yield of 4.68% as of October 21 [5].