Truist raised the firm’s price target on M&T Bank to $227 from $220 and keeps a Buy rating on the shares. The firm updated its 2025 and 2026 EPS by (1)% and 1%, respectively, to $16.50 and $19.15. The main driver behind the 2025 adjustment down is the new net interest income guide with the same range as before but “trending towards lower end of range” of $7.0B-$7.15B, which it uses to adjust our FY25 net interest income down from $7.07B prior to now $7.04B.
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