KeyCorp price target raised to $26 from $24 at Morgan Stanley

Core Viewpoint - Morgan Stanley has raised the price target for KeyCorp (KEY) to $26 from $24 while maintaining an Equal Weight rating on the shares, indicating a positive outlook for the company despite recent outperformance raising expectations [1] Group 1: Price Target and Rating - The price target for KeyCorp has been increased to $26 from $24 [1] - Morgan Stanley maintains an Equal Weight rating on KeyCorp shares [1] Group 2: Industry Outlook - The firm is increasing price targets by a median of 8% across the midcap banks group [1] - Optimism remains for the midcap banks group due to favorable conditions such as loan growth, net interest margin, and capital return [1]