KeyCorp Targets Raised to $23 and $26 After Q4 NII, Buyback Drivers
Truist analyst Brian Foran raised KeyCorp's price target from $22 to $23 with a hold rating, citing higher FY26 net interest income and a planned $1.3 billion buyback. Evercore ISI's Pancari kept an outperform rating and raised his target from $25 to $26, revising EPS forecasts following Q4 results.
1. Analyst Price Target Updates
Truist's Brian Foran raised his price target for KeyCorp to $23 while maintaining a hold rating, projecting over 9% upside. Evercore ISI’s John Pancari held an outperform view and lifted his target to $26, reflecting nearly 24% potential upside.
2. Q4 Results and NII Outlook
Both analysts based their revisions on KeyCorp’s fourth-quarter report, which showed stable net interest margins and encouraged expectations for higher FY26 net interest income driven by a favorable rate environment.
3. Elevated Share Buyback Plan
Foran highlighted a planned increase in the annual share repurchase program to $1.3 billion as a significant catalyst, signaling strong capital return prospects and potential support for the stock.
4. EPS Forecast Revisions
Pancari adjusted his EPS projections upward following Q4 performance metrics, reinforcing his higher price target and indicating improved earnings growth visibility for 2026.