M&T Bank Corp. Upgraded to “Overweight” by Barclays (MTB)
M&T Bank Corp. (NYSE:MTB) was upgraded by research analysts at Barclays to an “overweight” rating in a report released on Monday, AmericanBankingNews.com reports.
M&T Bank Corp. (NYSE:MTB) last released its earnings data on Thursday, October 17th. The company reported $2.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.08 by $0.03. During the same quarter last year, the company posted $2.17 earnings per share.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of M&T Bank Corp. to $115.00 in a research note to investors on Wednesday, December 18th. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of M&T Bank Corp. from $113.00 to $116.00 in a research note to investors on Wednesday, December 18th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of M&T Bank Corp. in a research note to investors on Wednesday, December 4th. They now have a $120.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $122.06.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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