Analyst Rating Update on M&T Bank Corporation (MTB)

M&T Bank Corporation (NYSE:MTB) has an average broker rating of 2.87, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

M&T Bank Corporation (NYSE:MTB) : Average target price received by M&T Bank Corporation (NYSE:MTB) is $122.14 with an expected standard deviation of $4.45. The most aggressive target on the stock is $130, whereas the most downbeat target is $115. 14 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Deutsche Bank downgrades its rating on M&T Bank Corporation (NYSE:MTB). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 22, 2016.

M&T Bank Corporation (NYSE:MTB): stock turned positive on Tuesday. Though the stock opened at $110.66, the bulls momentum made the stock top out at $111.73 level for the day. The stock recorded a low of $109.14 and closed the trading day at $111.55, in the green by 2.55%. The total traded volume for the day was 1,137,871. The stock had closed at $108.78 in the previous days trading.

In an insider trading activity, Bojdak Robert J, officer (Executive Vice President) of M&T Bank Corp, unloaded 1,703 shares at an average price of $117.1 on June 3, 2016. The total amount of the transaction was worth $199,421, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.

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