Companies in the Financial sector have received a lot of coverage today as analysts weigh in on State Street Corp (NYSE:STT) and M&T Bank (NYSE:MTB).
State Street Corp (STT)
In a report released yesterday, Brian Kleinhanzl from KBW reiterated a Hold rating on State Street Corp, with a price target of $90. The company’s shares closed yesterday at $85.45, close to its 52-week low of $82.43.
According to TipRanks.com, Kleinhanzl is a 3-star analyst with an average return of 4.1% and a 50.9% success rate. Kleinhanzl covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Morgan Stanley, and Northern Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for State Street Corp with a $99.63 average price target, a 16.6% upside from current levels. In a report issued on September 25, Wolfe Research also initiated coverage with a Hold rating on the stock with a $97 price target.
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M&T Bank (MTB)
In a report released yesterday, Melissa Roberts from KBW reiterated a Buy rating on M&T Bank, with a price target of $202. The company’s shares closed yesterday at $164.97.
According to TipRanks.com, Roberts is a 4-star analyst with an average return of 14.0% and a 62.7% success rate. Roberts covers the Financial sector, focusing on stocks such as First Midwest Bancorp, Affiliated Managers, and First Hawaiian Inc.
M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $191.71, representing a 16.2% upside. In a report issued on September 26, Goldman Sachs also upgraded the stock to Buy.
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