Morgan Stanley Resumes Coverage Of MTB With Equal-Weight Rating

Morgan Stanley has resumed coverage of M&T Bank Corp. MTB with an Equal-Weight Rating. In the report Morgan Stanley writes, "We view M&T Bank as a high-quality franchise with significantly stronger earnings power than midcap bank peers, but believe this is largely reflected in its valuation." MTB has a $100 Price Target and closed on Friday at $89.69 a share.