M&T Bank Upgraded at KBW (MTB)

By
A A A
Share |

Keefe, Bruyette & Woods announced on Thursday that they have upgraded financial services company, M&T Bank Corporation( MTB ).

The firm reported that they have upgraded MTB to an "Outperform," and have given the company a $111 price target. This price target suggests a 11% increase from the stock's current price of $98.70. Analysts expect the company to see a growth in margin.

M&T Bank shares were 91 cents, or 0.93% during Thursday morning trading. The stock is up 29.5% YTD.

The Bottom Line
Shares of M&T Bank ( MTB ) have a 2.85% dividend yield, based on last night's closing stock price of $98.11. The stock has technical support in the $94-$95 price area. If the shares can firm up, we see overhead resistance around the $105 price level.

M&T Bank Corporation( MTB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: MTB

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

My Career No Longer Exists
My Career No Longer Exists          

Stocks

Referenced

100%

Most Active by Volume

105,767,201
  • $46.30 ▲ 19.98%
80,574,036
  • $15.58 ▲ 1.56%
66,424,299
  • $3.46 ▲ 1.76%
42,459,394
  • $3.82 ▲ 0.79%
36,704,800
  • $13.98 ▼ 14.02%
35,625,113
  • $74.677 ▲ 1.31%
33,067,430
  • $29.26 ▼ 0.71%
32,374,580
  • $98.15 ▼ 0.23%
As of 7/30/2014, 04:04 PM