On Oct 18, major Wall Street analysts update their ratings for $M&T Bank (MTB.US)$, with price targets ranging from $208 to $240.
Morgan Stanley analyst Manan Gosalia maintains with a buy rating, and maintains the target price at $220.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and adjusts the target price from $188 to $218.
Barclays analyst Jason Goldberg maintains with a hold rating, and adjusts the target price from $170 to $228.
Evercore analyst John Pancari maintains with a buy rating, and maintains the target price at $210.
RBC Capital analyst Gerard Cassidy maintains with a buy rating, and adjusts the target price from $190 to $208.
Furthermore, according to the comprehensive report, the opinions of $M&T Bank (MTB.US)$'s main analysts recently are as follows:
The bank's third-quarter earnings surpassed expectations with net interest income and fees outperforming the guidance provided earlier in the quarter. Concurrently, expenditures matched projections, and the provisions were notably lower than anticipated.
The bank's business approach has been characterized as fundamental and reliable, a legacy attributed to its long-standing leadership. Management's emphasis on evading credit pitfalls is acknowledged as a central component in fostering lasting shareholder value, achieved through stringent adherence to solid underwriting criteria.
M&T Bank delivered solid results for the third quarter, with projections for the fourth quarter consistent with previous full year 2024 guidance and performance to date. The company possesses substantial liquidity, credit reserves, and capital, yet these factors do not enhance the core earnings potential.
Here are the latest investment ratings and price targets for $M&T Bank (MTB.US)$ from 6 analysts:
Note:
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