RBC Capital analyst Gerard Cassidy keeps an Outperform rating and $183 price target on M&T Bank after its Q1 earnings beat. The bank is outperforming on credit – increasingly a topic of conversation among investors – and its management knows that one of the key factors in creating long-term shareholder value is avoiding credit debacles, driving M&T to adhere to "strong underwriting standards", the analyst tells investors in a research note.
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Published first on TheFly
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