KeyCorp Price & Performance (KEY-PI)

Bank of America reduced KeyCorp's price target from $21 to $18, citing increased risks of a recession and rising capital costs. Despite these adjustments, the firm maintains a "Buy" rating, suggesting optimism for the bank's long-term positioning should the economy experience stronger growth after an adjustment period.1

KeyCorp's shares fell 11% last week, driven by broader market turbulence and investor concerns over tariffs and economic uncertainty. The bank, alongside others in the financial sector, faced heightened pressure as the Dow Jones and S&P 500 indices also declined. This reflects challenges in maintaining investor confidence during volatile periods.2

Runway Growth Finance extended its credit agreement with KeyBank, enhancing its financial flexibility. The revised terms expand available financing options, including cash flow and asset-based loans. This development, coupled with an increased board size, strengthens Runway Growth's operational and governance structure post-merger with BC Partners Credit.3