Mixed Views on KeyCorp (KEY) Amid Constructive Outlook on the Large-Cap Banking

KeyCorp (NYSE:KEY) is among the 15 Undervalued Momentum Stocks That Are Taking Off.

In a recent note, JPMorgan analysts shared their constructive macro view on the large-cap banking space. With that supportive backdrop, the firm lifted its price target on KeyCorp (NYSE:KEY) to $24.50 from $22 on February 9, while maintaining a Neutral rating, according to The Fly. The firm revised its sector targets to reflect expectations for two rate cuts, with long-term yields likely to remain elevated amid continued inflation concerns.

JPMorgan believes that the broader banking environment remains constructive. In their view, a favorable regulatory stance and rising consolidation activity are expected to underpin the sector, while ongoing sector rotation and stable economic conditions are also expected to provide additional support. The firm also expects bank stocks to hold up on steady fundamentals.

Another analyst with a slightly more bullish view is Evercore ISI’s John Pancari. In his note from the first week of February, Pancari not only maintained an Outperform rating on KeyCorp (NYSE:KEY) but also raised the price target to $26 from $25 after revising his estimates following Q4 results.

KeyCorp (NYSE:KEY) stock is up 8% so far in 2026, after delivering a 20% return in 2025. At $22.2, it trades approximately 5% below its 52-week high, with a consensus median price target of $24, implying an additional 8%-9% upside.

KeyCorp (NYSE:KEY) is the parent holding company for KeyBank National Association, its principal subsidiary. Through KeyBank and certain other subsidiaries, the company provides a wide range of retail and commercial banking, commercial leasing, investment management, investment banking, and other financial services to individual, corporate, and institutional clients.

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Disclosure: None. This article is originally published at Insider Monkey.