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MTB

M&T Bank

$152.10

-7.04 (-4.42%)

04:49
10/18/19
10/18
04:49
10/18/19
04:49

M&T Bank downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Brian Klock downgraded M&T Bank to Market Perform from Outperform with a price target of $160, down from $168. The shares will be range-bound until its net interest margin headwinds and elevated technology consolidation expenses decline, Klock tells investors in a research note following the bank's Q3 results.

MTB M&T Bank
$152.10

-7.04 (-4.42%)

09/27/19
ODEN
09/27/19
INITIATION
ODEN
Hold
M&T Bank initiated with a Hold at Odeon Capital
Odeon Capital analyst Richard Bove initiated M&T Bank with a Hold rating based on his view that the bank's "strategy must be rethought" and that it can revert to growing the business internally, which initially is likely to hurt earnings, or it can merge with another institution. M&T may have put itself in a position where a merger makes a great deal of sense, but his view is that the bank will seek to grow internally, Bove tells investors.
10/08/19
JEFF
10/08/19
DOWNGRADE
Target $167
JEFF
Hold
M&T Bank downgraded to Hold from Buy at Jefferies
Jefferies analyst Ken Usdin downgraded M&T Bank to Hold from Buy with a price target of $167, down from $185.
10/08/19
SBSH
10/08/19
UPGRADE
SBSH
Neutral
M&T Bank upgraded to Neutral from Sell at Citi
Citi analyst Keith Horowitz upgraded M&T Bank to Neutral from Sell.
10/08/19
JEFF
10/08/19
NO CHANGE
JEFF
Jefferies changes five bank ratings after looking into 2020, 2021
Jefferies analyst Ken Usdin upgraded BB&T (BBT), SunTrust Banks (STI) and Regions Financial (RF) to Buy from Hold from Hold while downgrading M&T Bank (MTB) and Zions Bancorp (ZION) to Hold from Buy. Looking to 2020 and 2021, banks face slowing earnings growth and "ongoing sentiment hurdles," Usdin tells investors in a research note. The analyst's base case assumes a stable economy, but he notes that "trade talk could tip it either way." Further, the 2020 election could weigh not only on valuation multiples, but also on earnings estimates based on the regulatory outlook, adds the analyst. He believes attractive dividend yields and a shift toward value stocks could help, but admits that earnings revisions are biased down with more rate cuts likely. Regions "has led the pack" in protecting its net interest margin for a tougher rates environment, while BB&T has less downside to estimates relative to peers and a faster earnings growth rate given benefits from the pending merger-of-equals with SunTrust, contends Usdin.

TODAY'S FREE FLY STORIES

MDLZ

Mondelez

$53.94

-0.13 (-0.24%)

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ECA

Encana

$4.04

0.01 (0.25%)

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Encana to establish corporate domicile in U.S. »

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GE

General Electric

$10.98

-0.02 (-0.18%)

16:41
12/11/19
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Upgrade
Analyst change prompts UBS to upgrade GE to Buy from Neutral »

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HSY

Hershey

$149.81

0.415 (0.28%)

16:40
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NDSN

Nordson

$167.47

1.72 (1.04%)

16:39
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Earnings
Nordson sees FY20 GAAP EPS growth 2%--6% versus FY19 »

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  • 12

    Dec

WHLR

Wheeler REIT

$1.79

-0.09 (-4.79%)

16:38
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  • 19

    Dec

HD

Home Depot

$211.96

-3.88 (-1.80%)

, BA

Boeing

$350.00

2.14 (0.62%)

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On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

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HD

Home Depot

$211.96

-3.88 (-1.80%)

BA

Boeing

$350.00

2.14 (0.62%)

CVX

Chevron

$116.22

-1.68 (-1.42%)

GME

GameStop

$5.53

-0.97 (-14.92%)

NSRGY

Nestle

$0.00

(0.00%)

MD

Mednax

$26.75

1.975 (7.97%)

OLLI

Ollie's Bargain Outlet

$69.39

9.11 (15.11%)

LOGM

LogMeln

$79.82

5.86 (7.92%)

PLAY

Dave & Buster's

$38.59

-1.48 (-3.69%)

UNFI

United Natural Foods

$7.07

-2.81 (-28.44%)

PLCE

Children's Place

$54.35

-16.32 (-23.09%)

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  • 11

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NDSN

Nordson

$167.47

1.72 (1.04%)

16:35
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16:35
Hot Stocks
Nordson says backlog for the quarter was approximately $385M, down 1% YoY »

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  • 12

    Dec

GAIN

Gladstone Investment

$14.65

-0.02 (-0.14%)

, CPTA

Capitala Finance

$8.74

0.16 (1.86%)

16:35
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Gladstone Investment exits investment in Nth Degree »

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GAIN

Gladstone Investment

$14.65

-0.02 (-0.14%)

CPTA

Capitala Finance

$8.74

0.16 (1.86%)

03/08/13
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FORM

FormFactor

$23.77

0.57 (2.46%)

16:35
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Breaking Hot Stocks news story on FormFactor »

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  • 18

    Dec

TWNK

Hostess Brands

$14.14

0.21 (1.51%)

16:34
12/11/19
12/11
16:34
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Initiation
Hostess Brands initiated  »

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DLHC

DLH Holdings

$4.39

0.34 (8.40%)

16:34
12/11/19
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Earnings
DLH Holdings reports Q4 EPS 12c, two estimates 14c »

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  • 12

    Dec

NDSN

Nordson

$167.47

1.72 (1.04%)

16:34
12/11/19
12/11
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16:34
Earnings
Nordson reports Q4 EPS $1.79, consensus $1.79 »

Reports Q4 revenue $585M,…

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  • 12

    Dec

BKH

Black Hills

$77.19

0.55 (0.72%)

16:33
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Hot Stocks
Black Hills' Wyoming utility receives approval for consolidation, rate increase »

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

16:32
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Miragen Therapeutics announces Diana Escolar CMO, $20M stock purchase agreement »

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COT

Cott Corp.

$13.68

0.05 (0.37%)

16:32
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Hot Stocks
Cott Corp. board approves share repurchase of up to $50M »

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R

Ryder

$51.38

-0.465 (-0.90%)

16:31
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16:31
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Ryder announces new 1.5M share repurchase program »

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  • 17

    Dec

  • 13

    Feb

16:30
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16:30
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Options
Preliminary option volume of 17.3M today »

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FVRR

Fiverr

$21.65

0.11 (0.51%)

16:28
12/11/19
12/11
16:28
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16:28
Initiation
Fiverr initiated  »

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  • 12

    Dec

SMPL

Simply Good Foods

$27.89

-0.2 (-0.71%)

16:27
12/11/19
12/11
16:27
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16:27
Initiation
Simply Good Foods initiated  »

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AMRS

Amyris

$3.24

-0.09 (-2.70%)

16:25
12/11/19
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16:25
Initiation
Amyris initiated  »

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APT

Alpha Pro Tech

$3.36

-0.015 (-0.45%)

16:24
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16:24
Hot Stocks
Alpha Pro Tech adds additional $2M to share repurchase program »

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

16:24
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Miragen Therapeutics to cut Phase 2 SOLAR enrollment, focus pipeline on MRG-229 »

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NX

Quanex

$19.76

0.715 (3.76%)

16:23
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12/11
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Earnings
Quanex sees FY20 revenue $865M-$885M, consensus $911.52M »

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  • 12

    Dec

PDSB

PDS Biotechnology

$2.85

0.05 (1.79%)

, MRK

Merck

$88.96

-0.12 (-0.13%)

16:23
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Hot Stocks
PDS Biotechnology says Dr. Jared Weiss principal investigator in Versatile study »

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PDSB

PDS Biotechnology

$2.85

0.05 (1.79%)

MRK

Merck

$88.96

-0.12 (-0.13%)

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  • 11

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