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Fly News Breaks for October 21, 2019
MTB
Oct 21, 2019 | 09:01 EDT
Evercore ISI analyst John Pancari downgraded M&T Bank to In Line from Outperform with a $159 price target. The analyst said the ongoing IT investment will be a greater earnings drag than expected and will drive 290bps negative operating leverage in 2020.
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