M&T Bank (MTB) PT Raised to $215 at Citi
Citi analyst Keith Horowitz raised the price target on M&T Bank (NYSE: MTB) to $215.00 (from $212.00) while maintaining a Neutral rating.
The analyst comments "MTB delivered strong results, but a softer NII print and a lower floor on the ’25 NII range tempered the overall outcome with MTB underperforming on the day (down ~2.4% vs BKX up 0.3%). While we have lowered our near-term deposit beta given higher funding costs driving pressure on NII, this is partially offset by better balance sheet growth given underlying trends seem to be indicative of more growth to come. The fundamentals look good to us and we raise our price target to $215 on a lower cost of equity assumption, but as we see only slight potential upside to consensus in ’26, we remain on the sidelines for now."