M&T Bank price target lowered to $150 from $153 at Barclays

Barclays analyst Jason Goldberg lowered the firm’s price target on M&T Bank to $150 from $153 and keeps an Equal Weight rating on the shares. While the bank’s operating results will likely be pressured by lower net interest income amid deposit pressures and slowing loan growth, M&T will book a $225M gain on its sale of CIT which could be used for share repurchase, the analyst tells investors in a research note.