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Fly News Breaks for October 18, 2019
MTB
Oct 18, 2019 | 07:27 EDT
Wedbush analyst Peter J. Winter lowered his price target for M&T Bank to $163 from $166 and maintained a Neutral rating following the company's Q3 results, telling investors in a research note that M&T Bank reported an "uncharacteristically weak quarter" for the second consecutive quarter. Winter forecast expense growth of ~6% this year, well above normal levels of ~2%, and lowered his Q4 EPS estimate to $3.50 from $3.57 and his 2020 and 2021 EPS estimates to $13.86 from $14.04 and $14.65 from $14.71, respectively.
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