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Fly News Breaks for September 3, 2018
MTB
Sep 3, 2018 | 17:18 EDT
Keefe Bruyette analyst Brian Klock upgraded M&T Bank to Outperform with an unchanged price target of $197. M&T closed Friday up $1.79 to $177.15. The stock's current valuation is attractive relative to the company's historical price-to-earnings ratio as well as bank peers, Klock tells investors in a research note. Further, the analyst sees near-term catalysts for this "highly profitable franchise."
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