Jefferies Sticks to Its Buy Rating for M&T Bank (MTB)


Jefferies analyst Ken Usdin reiterated a Buy rating on M&T Bank (MTB) today and set a price target of $168. The company’s shares opened today at $150.67.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 20.6% and a 75.7% success rate. Usdin covers the Financial sector, focusing on stocks such as First Republic Bank, State Street Corp, and Bank of America.

M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $190.50, implying a 26.4% upside from current levels. In a report issued on January 2, Barclays also maintained a Buy rating on the stock with a $203 price target.

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The company has a one-year high of $197.37 and a one-year low of $133.78. Currently, M&T Bank has an average volume of 956.6K.

Based on the recent corporate insider activity of 140 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

M&T Bank Corp. is a a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services, through its wholly owned subsidiaries, M&T Bank and Wilmington Trust NA. It operates through following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Re

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