M&T Bank stock rating upgraded by Morgan Stanley on NII outlook
Investing.com India
Morgan Stanley has upgraded M&T Bank (NYSE:MTB) to Overweight from Equalweight and increased its price target to $304, citing expectations for accelerated loan growth and optimized capital usage leading to higher net interest income. The firm projects 27% upside for the stock over 12-18 months and anticipates positive surprises in net interest margin. This upgrade follows M&T Bank's record second-quarter profits, which exceeded Wall Street expectations.
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