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Fly News Breaks for October 23, 2018
MTB
Oct 23, 2018 | 08:17 EDT
As reported previously, Baird analyst David George upgraded M&T Bank to Outperform from Neutral. The analyst noted the recent share price decline due to concerns about sluggish loan growth, which largely reflects targeted run-off in the residential mortgage portfolio. The loan growth should seasonally improve in Q4, contends George, who called the bank a quality name that he believes is "on-sale." George raised his price target to $185 from $180 on M&T Bank shares.
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