Morgan Stanley Raises KeyCorp (KEY) Price Target to $26

Group 1 - Morgan Stanley raised KeyCorp's price target to $26 from $24 while maintaining an Equal Weight rating, reflecting an 8% median increase across the mid-cap banking group [1] - The bank sector has recently outperformed the broader market, leading to optimism about stronger loan growth, expanding net interest margins, and continued capital return to shareholders [1] - Robert W. Baird upgraded KeyCorp to Neutral from Underperform, citing valuation after a selloff in regional bank stocks, with a price target remaining at $19 [2] Group 2 - KeyCorp is a major U.S. regional bank headquartered in Cleveland, Ohio, with approximately $187 billion in assets as of late 2025, serving customers across 15 states [3] - The bank operates primarily through its subsidiary KeyBank, offering consumer and commercial banking, mortgage lending, and investment services [3]