What 7 Analyst Ratings Have To Say About M&T Bank
Portfolio Pulse from Benzinga Insights
M&T Bank (NYSE:MTB) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for MTB has increased to $160.57, reflecting a positive adjustment in analysts' expectations. Despite facing challenges such as a -2.69% decline in revenue growth and a below-industry net margin, M&T Bank's strong market position, impressive ROE, and ROA highlight its financial performance. Analysts' actions, ranging from maintaining to raising or lowering ratings, indicate a nuanced view of the bank's prospects.
March 06, 2024 | 9:01 pm
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POSITIVE IMPACT
M&T Bank has seen a mix of analyst ratings with a recent trend towards neutrality. The average 12-month price target has been raised to $160.57, indicating a positive outlook despite recent revenue decline and below-industry net margin.
The increase in the average 12-month price target for M&T Bank, despite its mixed analyst ratings and recent financial challenges, suggests a cautiously optimistic outlook from the market. The bank's strong ROE and ROA, along with its significant market capitalization, may contribute to a positive short-term impact on its stock price. However, concerns about its revenue decline and net margin could temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100