These Analysts Revise Price Targets On M&T Bank Following Upbeat Q1 Earnings

M&T Bank Corporation MTB reported better-than-expected Q1 results.

M&T reported a Q1 revenue of $2.4 billion (+67.4% Y/Y), beating the consensus of $2.37 billion. Diluted net operating EPS was $4.09, beating the consensus of $3.98.

M&T Bank shares jumped 7.8% to close at $125.66 on Monday.

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

• Wells Fargo cut the price target on M&T Bank from $155 to $145. Wells Fargo analyst Christopher Spahr maintained the stock with an Equal-Weight.
• JP Morgan raised the price target on M&T Bank from $125 to $133. JP Morgan analyst Steven Alexopoulos maintained a Neutral rating.

Now Read This: Investor Optimism Improves Ahead Of Major Earnings Reports