UBS analyst Erika Najarian maintained a Neutral rating on M&T Bank and raised the price target to $252 from $225. This adjustment adds to a series of recent valuation updates for the financial institution. Evercore ISI Group analyst John Pancari maintained an In-Line rating and raised the price target to $260 from $225. JP Morgan analyst Andrew Dietrich previously maintained a Neutral rating and raised the price target to $251.5 from $227. Baird analyst David George downgraded the stock from Outperform to Neutral with a price target of $240. Wells Fargo analyst Mike Mayo maintained an Underweight rating and raised the price target to $215 from $205. M&T Bank shares closed at $238.88 on Thursday.

The divergent analyst views highlight shifting valuations for M&T Bank. Wells Fargo's Underweight stance suggests the stock is expected to underperform relative to the broader market sector, while Baird's move to Neutral indicates an expectation of in-line performance. JP Morgan's Neutral rating aligns with a view of balanced risk and reward at the new price level. Evercore's In-Line rating similarly suggests performance consistent with the market.

Morgan Stanley analyst Manan Gosalia previously maintained an Equal-Weight rating and raised the price target to $253 from $245. M&T Bank trades on the NYSE under the ticker MTB.

M&T Bank Corporation is scheduled to release its second quarter earnings report before the opening bell on Wednesday, July 15. Analysts expect the Buffalo, New York-based company to report quarterly earnings of $4.67 per share, an increase from $4.24 per share in the year-ago period. The consensus estimate for revenue stands at $2.46 billion, compared to $2.4 billion reported last year.

On June 23, M&T Bank announced the appointment of Krista Phillips as its Delaware regional president. Shares of the bank rose 0.4% to close at $239.92 on Monday.

Recent analyst ratings show mixed sentiment. Baird analyst David George downgraded the stock from Outperform to Neutral with a price target of $240 on July 6, 2026. Morgan Stanley analyst Manan Gosalia maintained an Equal-Weight rating and raised the price target from $245 to $253 on June 29, 2026. RBC Capital analyst Gerard Cassidy kept an Outperform rating with a price target of $225 on May 21, 2026.

Cantor Fitzgerald analyst Dave Rochester maintained an Overweight rating but lowered the price target from $255 to $253 on April 17, 2026. DA Davidson analyst Peter Winter kept a Neutral rating and increased the price target from $233 to $235 on April 16, 2026.

Analyst Ratings and Price Targets