KeyCorp cuts AvidXchange PT to $10, maintains Overweight rating

• KeyCorp on Thursday cut its price target on AvidXchange (NASDAQ:AVDX) to $10 from $14, which implies potential upside of 46.6% to its last close.
• KeyCorp maintained its Overweight rating on AVDX, in-line with Wall Street analysts' bullish rating.
• Of the 12 sell-side analysts tracked by Seeking Alpha in the last 90 days, 5 rate AVDX Strong Buy, 4 Buy and 3 Hold.
• AVDX stock, which rose as much as 7.5% to its highest in over 2 weeks on Thursday, has declined 54.1% YTD.