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