Morgan Stanley Maintains Overweight on M&T Bank, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Overweight rating on M&T Bank (NYSE:MTB) and increased the price target from $157 to $160.
December 04, 2023 | 3:59 pm
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POSITIVE IMPACT
Morgan Stanley's analyst has reaffirmed an Overweight rating on M&T Bank and raised the price target, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong conviction in the bank's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as market participants adjust their valuations to align with the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100