As previously reported, Evercore ISI analyst John Pancari upgraded M&T Bank to Outperform from In Line with a price target of $210, up from $187. While the firm acknowledges M&T shares have outperformed in recent months as soft landing macro came into focus, it expects gradually abating commercial real estate, or CRE, credit concerns, improving fundamentals, and accelerating capital return to present incremental upside to valuation, the analyst tells investors.
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