Truist analyst Brian Foran has revised the price target for KeyCorp (KEY, Financial), bringing it down to $16 from the previous $18. Despite this adjustment, the firm continues to maintain a Hold rating on the shares.
The analyst has also adjusted the earnings per share (EPS) projections for the bank, lowering forecasts for 2025 and 2026 by 1% each. The new EPS estimates are set at $1.45 for 2025 and $1.75 for 2026. This revision comes as a result of anticipated declines in investment banking fees and net interest income, attributed to reduced earning assets.
On a more positive note, the impact of these reductions is expected to be mitigated partially by a decrease in credit losses and an uptick in share buybacks, particularly from the latter half of 2025. These factors contribute to the overall outlook adjustments for KeyCorp.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for KeyCorp (KEY, Financial) is $18.20 with a high estimate of $20.00 and a low estimate of $16.00. The average target implies an upside of 31.93% from the current price of $13.80. More detailed estimate data can be found on the KeyCorp (KEY) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, KeyCorp's (KEY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for KeyCorp (KEY, Financial) in one year is $17.44, suggesting a upside of 26.42% from the current price of $13.795. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the KeyCorp (KEY) Summary page.
