Stephens Upgrades KEY to 'Buy', Sets $26 Price Target
Stephens analyst Matt Olney raised the rating on KEY to 'buy' with a $26 target.
Key Points
- Stephens raised its rating on KEY to 'buy' with a $26 price target on June 15, 2026.
- KEY shares traded at $22.70, reflecting the recent analyst upgrade.
- Institutional investors like Bank of Nova Scotia and BlackRock have adjusted their positions in KEY.
Stephens analyst Matt Olney upgraded KEY to a 'buy' rating on June 15, 2026, setting a price target of $26. This move comes as KEY's shares traded at approximately $22.70.
Other Institutional Activity in KEY
Bank of Nova Scotia increased its holdings by 900,951 shares, bringing its total to about 163 million shares valued at $3.27 billion. Meanwhile, BlackRock trimmed its position by 5,372,533 shares, holding 88.7 million shares worth around $1.78 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported large holdings of 65.9 million and 51.5 million shares, respectively, with no prior holdings recorded. State Street Corp added 998,231 shares, totaling 47.1 million shares valued at about $945 million. FMR LLC significantly expanded its stake by 4,259,261 shares, ending with 46.7 million shares worth $937 million.
KEY Stock Snapshot
KEY shares traded near $22.70. The stock's performance is closely watched by investors following the recent analyst upgrade and institutional activities.
Insider Buying and Selling at KeyCorp
Recent insider activity includes several sales by Bank of Nova Scotia, such as 355,338 shares on June 9, 2026, at $21.24 per share, and 162,692 shares on May 27, 2026, at $21.25. Elizabeth Gile also sold 23,946 shares on June 3, 2026, at $20.88. On the buying side, Robin Hayes and Somesh Khanna each acquired 7,352 shares on May 14, 2026.
Analysts Set New Price Targets
On June 15, 2026, Stephens & Co. reinstated its rating on KEY with a 'buy' and a $26 target. DA Davidson maintained its 'buy' rating with a $27 target on May 4, 2026. Evercore ISI Group also maintained a 'buy' rating with a $26 target on April 21, 2026. Other firms like Piper Sandler and RBC Capital maintained 'buy' ratings with lower targets.
About KEY
KEY operates within the financial sector, providing a range of services including banking and investment solutions. It serves a broad customer base with its comprehensive offerings.
Bottom Line
Stephens' upgrade of KEY to a 'buy' and the new $26 target price reflect a positive outlook. Investors are keeping an eye on institutional movements and insider transactions. As always, remember that analyst ratings and 13F filings are backward-looking and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.