Baird has adjusted its price target for M&T Bank (MTB, Financial), reducing it from $220 to $200. Despite this revision, the firm maintains its Outperform rating on the bank's stock. The adjustment comes after reviewing the bank's first-quarter performance, where pre-provision net revenue (PPNR) showed weakness, causing the stock to underperform relative to the broader market.
The updated projection reflects the challenges M&T Bank faces in improving its financial performance amid a competitive banking environment. As analysts assess the firm's profitability and growth prospects, investors are advised to consider these revised expectations in their strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for M&T Bank Corp (MTB, Financial) is $197.57 with a high estimate of $240.00 and a low estimate of $158.21. The average target implies an upside of 24.65% from the current price of $158.50. More detailed estimate data can be found on the M&T Bank Corp (MTB) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, M&T Bank Corp's (MTB, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for M&T Bank Corp (MTB, Financial) in one year is $180.33, suggesting a upside of 13.77% from the current price of $158.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the M&T Bank Corp (MTB) Summary page.
