M&T Bank Analysts Increase Their Forecasts After Strong Q2 Results

M&T Bank Corp (NYSE:MTB) reported upbeat earnings for the second quarter on Wednesday.

The company posted quarterly earnings of $5.35 per share which beat the analyst consensus estimate of $4.66 per share. The company reported quarterly sales of $2.532 billion which beat the analyst consensus estimate of $2.464 billion.

M&T Bank shares rose 2.8% to close at $248.53 on Wednesday.

These analysts made changes to their price targets on M&T Bank following earnings announcement.

• Baird analyst David George maintained the stock with a Neutral and raised the price target from $240 to $250.
• Barclays analyst Jason Goldberg maintained the stock with an Equal-Weight rating and raised the price target from $236 to $267.
• Keefe, Bruyette & Woods analyst David Konrad maintained the stock with a Market Perform and boosted the price target from $242 to $250.

Considering buying MTB stock? Here’s what analysts think:

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