The Analyst Verdict: M&T Bank In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
M&T Bank (NYSE:MTB) has received mixed analyst ratings over the past three months, with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $153.75, with a high of $170.00 and a low of $140.00. Barclays' Jason Goldberg raised the target to $170.00, Deutsche Bank's Matt O'Connor announced a hold with a $145.00 target, Morgan Stanley's Manan Gosalia raised the target to $160.00, and Wedbush's David Chiaverini lowered the target to $140.00. M&T Bank's financials show a revenue growth of 4.16%, a net margin of 28.43%, an ROE of 2.77%, an ROA of 0.32%, and a debt-to-equity ratio of 0.55.
January 02, 2024 | 7:01 pm
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NEUTRAL IMPACT
M&T Bank has a mixed outlook from analysts, with recent price target changes suggesting a cautious optimism. The bank's financial performance is solid in terms of revenue growth and ROA, but it faces challenges with profitability and efficiency as indicated by its net margin and ROE.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on M&T Bank's stock price. The financial indicators show strength in revenue growth and asset utilization but also highlight areas of concern in profitability and return on equity, which could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100