Goldman Sachs Starts M&T Bank (MTB) at Neutral

December 19, 2012 7:00 AM EST Send to a Friend
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Price: $121.00 -0.29%

Rating Summary:
    11 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Goldman Sachs initiates coverage on M&T Bank (NYSE: MTB) with a Neutral. PT $105.00.

The firm said MTB as well positioned given its strong market density, which they expected to continue to build. However, outsized margin pressure and normalization of its leverage could pressure its ROE and premium valuation over time, they said.

For an analyst ratings summary and ratings history on M&T Bank click here. For more ratings news on M&T Bank click here.

Shares of M&T Bank closed at $101.23 yesterday.

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