Jefferies Sticks to Its Buy Rating for M&T Bank

By Carrie Williams

In a report issued on July 9, Ken Usdin from Jefferies reiterated a Buy rating on M&T Bank (NYSE: MTB), with a price target of $195. The company’s shares closed yesterday at $166.45.

According to, Usdin is a top 25 analyst with an average return of 25.4% and a 84.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Bank Of Hawaii Corp, Bank of America, and JP Morgan Chase.

Currently, the analyst consensus on M&T Bank is a Moderate Buy with an average price target of $197.14, which is a 18.4% upside from current levels. In a report issued on June 27, Bernstein also upgraded the stock to Buy with a $210 price target.


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The company has a one-year high of $197.37 and a one-year low of $141.12. Currently, M&T Bank has an average volume of 880K.

Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is negative on the stock.

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M&T Bank Corp. is a a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services, through its wholly owned subsidiaries, M&T Bank and Wilmington Trust NA. It operates through following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Re