JP Morgan Raises MTB PT To $100

JP Morgan has issued a report raising the Price Target on M&T Bank MTB from $97 to $100 a share. According to the report, "In the remainder of 2011, results are likely to remain noisy, the NIM is likely to compress further and loan growth is likely to remain modest, rendering the stock a peer performer in our view. Consequently, no change to our Neutral rating." MTB has a Neutral Rating and closed yesterday at $87.14 per share.