Analyst Rating Update on M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB) : Zacks Investment Research ranks M&T Bank Corporation (MTB) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.93, which indicates as a Hold.

M&T Bank Corporation (MTB) : The highest level M&T Bank Corporation (MTB) is projected to reach is $130 for the short term and the lowest estimate is at $105. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $119 and the possibility the share price can swing is $7.4.

Company shares have received an average consensus rating of Hold for the current week


M&T Bank Corporation (NYSE:MTB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.30 and $112.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.90, notching a gain of 1.70% for the day. The total traded volume was 800,017 . The stock had closed at $112.00 on the previous day.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.

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