Morgan Stanley Maintains Overweight on M&T Bank, Raises Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on M&T Bank (MTB) and raises the price target from $160 to $179.
February 07, 2024 | 8:22 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on M&T Bank and increased the price target from $160 to $179.
The upgrade in the price target by a reputable analyst like Manan Gosalia at Morgan Stanley is a strong positive signal for M&T Bank. It suggests a bullish outlook on the bank's performance and potential for stock price appreciation. Such endorsements often lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100