JP Morgan Maintains Neutral on M&T Bank, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos has maintained a Neutral rating on M&T Bank (NYSE:MTB) and increased the price target from $160 to $170.
April 04, 2024 | 11:54 am
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JP Morgan analyst Steven Alexopoulos maintains a Neutral rating on M&T Bank and raises the price target from $160 to $170.
The increase in the price target by JP Morgan suggests a positive outlook on the stock's future performance, potentially leading to a short-term increase in its stock price. However, the Neutral rating indicates that the analyst sees balanced risk and reward, tempering expectations for a significant price movement.
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