KeyCorp (NYSE:KEY) is in the middle 12 Best Very Cheap Stocks to Buy in 2026.
On March 2, Morgan Stanley raised the company’s price target on KeyCorp (NYSE:KEY) from $24 to $26 while maintaining an equal weight rating on the stock. The company said it is increasing its price targets on the mid-cap banking group to a mid-8% range. Although the bank group has recently outperformed the broader market – raising the bar for further growth – Morgan Stanley is optimistic about the sector’s outlook. The company identified several potential sustainability factors, including strong loan growth, expanding net interest margins, and continued capital returns to shareholders.
On February 24, Robert W. Baird & Company upgraded KeyCorp (NYSE:KEY) from Underperform to Neutral while keeping its price target unchanged at $19. The company attributed the increase in value after a recent selloff in regional bank stock. According to the analyst, the sector declined amid fears about artificial intelligence potentially disrupting the banking industry, concerns that were amplified by a blog post over the weekend outlining potential macroeconomic stress scenarios. Baird argued that those projections — such as the unemployment rate reaching 11% and severe credit deterioration tied to weak U.S. consumerism — seemed excessive. With shares trading at around 1.5 times book value, the company believes the stock offers a balanced risk-reward profile. Additionally, Baird suggested that banks are more likely to adopt AI through efficiency gains rather than facing significant disruption from the technology.
KeyCorp (NYSE:KEY) is a large US regional bank headquartered in Cleveland, Ohio, with approximately $187 billion in assets as of late 2025.
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Read more: 12 Cheap Stocks That Are Going to the Moon According to Reddit And the 10 best oil and gas drilling stocks to buy.
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