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

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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, with a 52 week range of $71.01-$105.33.

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