M&T Bank price target lowered to $217 from $227 at Truist

Truist lowered the firm’s price target on M&T Bank to $217 from $227 and keeps a Buy rating on the shares as part of a broader research note on Regional Banks / Consumer Finance names. The firm is updating its models following their Q3 results and updated guidance, noting the companies’ expectations for higher net interest margins and growth in core lending rates, but also citing the sector re-rating down from broader credit concerns, the analyst tells investors in a research note.