Keefe Bruyette raised the firm’s price target on M&T Bank to $217 from $200 and keeps a Market Perform rating on the shares following a transfer of coverage. The firm is bullish on the long-term structural benefits of scale for the large-cap banks. It prefers business models that can produce leading returns with high degrees of predictability.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $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
- M&T Bank’s Strong Performance and Capital Strategy Drive Buy Rating