BofA Upgrades MTB to Buy, CYN, SNV to Neutral, Downgrades BOH, CBSH to Underperform

An analyst at BofA Merrill revised investment ratings on a number of Regional Banking stocks Tuesday morning:

• upgraded M&T Bank (NYSE: MTB) from Neutral to Buy
  
• upgraded City National (NYSE: CYN) from Underperform to Neutral
  
• upgraded Synovus (NYSE: SNV) from Underperform to Neutral
  
• downgraded Bank of Hawaii (NYSE: BOH) from Neutral to Underperform
  
• downgraded Commerce Bankshares (Nasdaq: CBSH) from Neutral to Underperform

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