Jefferies has initiated coverage on M&T Bank (MTB, Financial) with a 'Buy' rating. This decision was made by analyst David Chiaverini, who set a price target of $225.00 USD for the stock.
The coverage initiation by Jefferies comes as a significant endorsement for M&T Bank, suggesting a positive outlook for the company's stock performance. This recommendation marks the first rating on this stock by Jefferies, providing a fresh perspective on MTB's potential in the market.
The 'Buy' rating from Jefferies indicates confidence in the future prospects of M&T Bank, with the analyst setting a substantial price target of $225.00 USD. Investors and market participants interested in MTB will likely find this initiation noteworthy as it reflects a professional assessment of the stock's valuation and growth prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for M&T Bank Corp (MTB, Financial) is $199.24 with a high estimate of $230.00 and a low estimate of $175.00. The average target implies an upside of 7.27% from the current price of $185.74. 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 $177.04, suggesting a downside of 4.68% from the current price of $185.74. 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.
