DA Davidson lowered the firm’s price target on M&T Bank to $189 from $205 and keeps a Neutral rating on the shares. The company lowered its 2025 net interest income guidance, owing to lower average loan and deposit outlooks, though it still expects net interest income to increase throughout 2025, the analyst tells investors in a research note. The bank’s leading credit metrics also continued to improve, with declines in non-performing assets and criticized loans, the firm added.
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