Citigroup Reiterates Buy on M&T Bank, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has reiterated a Buy rating on M&T Bank (NYSE:MTB) but lowered the price target from $155 to $150.
June 09, 2023 | 4:47 pm
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Citigroup analyst reiterates Buy rating on M&T Bank (NYSE:MTB) and lowers price target from $155 to $150.
The news of Citigroup reiterating a Buy rating on M&T Bank is positive for the stock, indicating that the analyst still believes in the company's potential. However, the lowering of the price target from $155 to $150 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100