M&T Bank price target raised to $228 from $170 at Barclays

Barclays analyst Jason Goldberg raised the firm’s price target on M&T Bank to $228 from $170 and keeps an Equal Weight rating on the shares. The bank’s Q3 earnings were ahead as net interest income and fees exceeded intra-quarter guidance while expenses were in-line and its provision was lower than forecasted, the analyst tells investors in a research note.