M&T Bank price target lowered to $189 from $205 at DA Davidson

DA Davidson lowered the firm’s price target on M&T Bank to $189 from $205 and keeps a Neutral rating on the shares after its Q1 earnings miss. The company lowered its 2025 net interest income guidance, owing to lower average loan and deposit outlooks, and also expects net interest income to increase throughout 2025, the analyst tells investors in a research note. The firm adds that the bank has expense levers to pull if revenues continue to come in weaker than expected.