Compass Point Research Maintains M&T Bank Neutral, Increases PT

Compass Point Research & Trading maintained its M&T Bank MTB Neutral rating and increased its M&T Bank price target from $85 to $92 in a research report published today. In the report, Compass Point states, "We continue to view MTB as one of the best managed banks in our coverage universe, though we view shares as fairly valued at current levels." Shares of M&T Bank were trading at $88.98 at the time of posting, up 0.46% from Thursday's market close.