JP Morgan Upgrades M&T Bank to Overweight, Raises Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded M&T Bank (NYSE:MTB) from Neutral to Overweight and increased its price target from $183 to $215, indicating a positive outlook for the bank.
September 03, 2024 | 12:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JP Morgan analyst Steven Alexopoulos has upgraded M&T Bank from Neutral to Overweight and raised the price target from $183 to $215, suggesting a positive short-term outlook for the stock.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan typically signals increased investor confidence and can lead to a rise in stock price. The raised price target further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100