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Jefferies Sticks to Its Buy Rating for M&T Bank


In a report issued on July 9, Ken Usdin from Jefferies reiterated a Buy rating on M&T Bank (NYSE: MTB), with a price target of $195. The company’s shares closed yesterday at $166.45.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 25.4% and a 84.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Bank Of Hawaii Corp, Bank of America, and JP Morgan Chase.

Currently, the analyst consensus on M&T Bank is a Moderate Buy with an average price target of $197.14, which is a 18.4% upside from current levels. In a report issued on June 27, Bernstein also upgraded the stock to Buy with a $210 price target.

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The company has a one-year high of $197.37 and a one-year low of $141.12. Currently, M&T Bank has an average volume of 880K.

Based on the recent corporate insider activity of 145 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