M&T Bank price target lowered to $253 from $255 at Cantor Fitzgerald

Cantor Fitzgerald analyst Dave Rochester lowered the firm’s price target on M&T Bank to $253 from $255 and keeps an Overweight rating on the shares. M&T Bank enjoys a higher-quality deposit franchise, strong capital generation, and above- peer expected EPS growth and ROTCE, as management continues to execute on credit, the re-acceleration of loan growth in FY26, and expense control while investing in growth and regulatory enhancements, driving greater capabilities and efficiencies at the bank, building momentum in the recent success of the bank’s fee-based businesses, and maintaining a robust buyback, the analyst tells investors in a research note.