JPMorgan analyst Andrew Dietrich raised the firm’s price target on M&T Bank to $205.50 from $180.50 and keeps a Neutral rating on the shares as part of a Q2 preview for the large cap banks. The firm attributes the recent outperformance of the large bank stocks to hope for a continued good economy and regulatory benefits with some reduction in capital requirements. In the near term, JPMorgan expects large bank stocks to remain in a narrow range due to “moderate fundamentals” and above average valuations.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTB:
- M&T Bank price target raised to $217 from $200 at Keefe Bruyette
- M&T Bank price target raised to $236 from $215 at Morgan Stanley
- M&T Bank price target raised to $212 from $200 at Citi
- M&T Bank announces 2.7% preliminary stress capital buffer
- Goldman Sachs ‘the big winner’ of 2025 stress test, says Citi