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KeyCorp Price Target Lowered by Truist Despite Strong Loan Growth Trends
Financial Modeling Prep· 2026-03-23 19:42
Truist Securities lowered its price target on KeyCorp (NYSE: KEY) to $22 from $23, while maintaining a Hold rating, despite improving loan growth trends. The firm noted that KeyCorp has already exceeded its full-year loan growth target of 1% to 2% based on first-quarter performance. In January, total loans increased by $0.6 billion, equivalent to a 7% annualized growth rate, with commercial loans rising nearly $1.0 billion. Follow-up data for February and broader industry indicators suggested continued stre ...