Deutsche Bank Downgrades M&T Bank to Hold, Announces $145 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Matt O'Connor downgraded M&T Bank (MTB) from Buy to Hold and set a price target of $145.
December 18, 2023 | 11:06 am
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NEUTRAL IMPACT
M&T Bank was downgraded by Deutsche Bank from Buy to Hold with a price target of $145.
Downgrades typically lead to a mixed or negative short-term reaction in the stock price as they suggest a more cautious outlook on the company's future performance. However, the establishment of a price target can sometimes offset the negative impact of a downgrade if the target suggests an upside potential. In this case, the price target of $145 may provide some support for the stock price, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100