FBR Capital Resumes M&T Bank (MTB) with an Underperform
MTB Hot Sheet
Rating Summary:5 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 1
FBR Capital resumes coverage of M&T Bank Corporation (NYSE: MTB) with an Underperform rating, and raised their price target from $30 to $35.
The firm said, "We expect M&T's loan portfolios to perform better than peers but, given our macro outlook, our loss estimates remain well above consensus' or management's expectations." The firm also said valuation is too rich.
The firm said, "We expect M&T's loan portfolios to perform better than peers but, given our macro outlook, our loss estimates remain well above consensus' or management's expectations." The firm also said valuation is too rich.
You May Also Be Interested In
- UPDATE: Canaccord Genuity Starts KIT Digital (KITD) at Hold; OTT Video Trends Remain Strong, But Concerns Remain
- Bernstein Starts Onyx Pharmaceuticals (ONXX) at Outperform
- UBS Raises Price Target and EPS Estimate on LyondellBasell Industries (LYB); Use Dip As Buying Opportunity
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
