Truist analyst Brian Foran initiated coverage of M&T Bank with a Buy rating and $233 price target M&T’s balance sheet is “well-hedged against rate scenarios of various directions and paces,” while commercial real estate and commercial and industrial loan stresses are “abating,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTB:
- M&T Bank names Krista Phillips as Chief Customer Officer
- M&T Bank price target raised to $235 from $228 at Barclays
- Morgan Stanley Sees an Attractive Entry Point with Midcap Banks
- M&T Bank to decrease prime lending rate to 7.50% from 7.75% on December 19
- M&T Bank Highlights Strategic Growth and Sustainability Goals