RBC Capital Maintains Outperform on M&T Bank, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy has maintained an 'Outperform' rating on M&T Bank (NYSE:MTB), but lowered the price target from $175 to $160.

September 11, 2023 | 2:18 pm
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NEUTRAL IMPACT
M&T Bank's price target has been lowered from $175 to $160 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100