KeyCorp (NYSE:KEY) is one of the new stocks David Tepper has bought, with an average price target suggesting a 4% upside and a Street high indicating an 18% upside. Tepper owns a $37.75 million stake in KeyCorp as of Q3 2025, which is a new addition to his stock portfolio.

Truist analyst Brian Foran assigned a Hold recommendation on KeyCorp on December 22, increasing the target price from $19 to $22 as part of a broader research note on banks.

KeyCorp CEO Chris Gorman stated on December 9 that the bank is not seeking acquisitions, focusing instead on share repurchases. HoldCo Asset Management, an activist investor, advised KeyCorp to avoid bank acquisitions, a sentiment echoed by Gorman.

Gorman emphasized KeyCorp’s undervaluation and commitment to buying back stock, emphasizing the company’s belief in its own potential while steering clear of bank acquisitions.

KeyCorp (NYSE:KEY) is an Ohio-based bank holding company for KeyBank, providing retail and commercial banking services.

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Read more at Yahoo Finance: Truist Maintains Hold Recommendation on KeyCorp (KEY)