M&T Bank price target raised to $218 from $188 at BofA

BofA raised the firm’s price target on M&T Bank to $218 from $188 and keeps a Buy rating on the shares. The firm, which raised Q4 and FY25 EPS estimates to $3.78 and $16.00 from $3.69 and $15.80, respectively, driven by higher net interest income, says its increased target is driven by EPS revisions and an updated price objective methodology.