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Fly News Breaks for February 21, 2019
MTB
Feb 21, 2019 | 08:21 EDT
As reported previously, Baird analyst David George downgraded M&T Bank to Neutral from Outperform. The analyst said the risk/reward is less compelling following the stock's recent rally. He also believes the bank's opportunity for efficiency improvement is more limited versus peers and loan growth likely remains muted. George maintained his $175 price target on M&T Bank shares.
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