Wells Fargo Maintains Underweight on M&T Bank, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Mike Mayo maintains an Underweight rating on M&T Bank (NYSE:MTB) but raises the price target from $165 to $190.
October 18, 2024 | 6:10 pm
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Wells Fargo analyst Mike Mayo maintains an Underweight rating on M&T Bank but raises the price target from $165 to $190.
The Underweight rating suggests a cautious outlook, but the raised price target indicates some positive expectations for M&T Bank's stock. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100