Cantor Fitzgerald Cuts M&T Bank Corporation (MTB) Price Target, Sees Strong Growth Drivers Intact

M&T Bank Corporation (NYSE:MTB) is included among the 12 High Dividend Stocks Picked by Billionaire Ray Dalio.

On April 17, Cantor Fitzgerald analyst Dave Rochester lowered the firm’s price recommendation on M&T Bank Corporation (NYSE:MTB) to $253 from $255. It reiterated an Overweight rating on the shares. M&T Bank enjoys a higher-quality deposit franchise, strong capital generation, and above-peer expected EPS growth and ROTCE. Management continues to execute on credit, the re-acceleration of loan growth in FY26, and expense control while investing in growth and regulatory enhancements. These efforts are driving greater capabilities and efficiencies at the bank. They are also building momentum in the recent success of the bank’s fee-based businesses and supporting a robust buyback, the analyst tells investors in a research note.

On April 16, DA Davidson raised the firm’s price goal on MTB to $235 from $233. It maintained a Neutral rating on the shares after its better-than-expected Q1 results. Given the improvement in credit trends, M&T lowered its CET1 target to a range of 10.0%-10.5%from 10.25%-10.5% vs. 10.33% in Q1. As a result, the firm expects the bank will remain aggressive with share repurchases as a partial offset to net interest income, the analyst tells investors in a research note. Credit continues to be a bright spot for M&T, reflecting a substantial decline in net charge-offs and a continued decline in criticized loans, the firm added.

M&T Bank Corporation (NYSE:MTB) is a financial holding company. Its principal banking subsidiary, M&T Bank, provides banking products and services through a branch and ATM network across the eastern United States, from Maine to Virginia and Washington, D.C. Trust-related services are offered in select markets in the United States and abroad through its Wilmington Trust-affiliated companies and M&T Bank.

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