M&T Bank price target raised to $200 from $195 at Citi

Citi raised the firm’s price target on M&T Bank to $200 from $195 and keeps a Neutral rating on the shares as part of a Q2 preview. The firm believes the bank’s credit concerns “have faded from the conversation” as M&T’s criticized assets have steadily improved over the past couple quarters. From here, investor focus will likely center on loan growth, where expectations remain modest with the current bar set near the midpoint of the company’s guide, the analyst tells investors in a research note. Citi sees no clear catalyst to push M&T’s multiple higher.