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M&T Bank's Q1 earnings miss prompts major banks to lower price targets, maintaining a "Hold" rating.
Royal Bank of Canada, Wells Fargo, and Truist Financial have all lowered their price targets for M&T Bank, despite maintaining mostly positive ratings.
M&T Bank missed Q1 earnings expectations, reporting $3.38 EPS compared to the expected $3.41.
The average rating for the stock is "Hold" with a consensus price target of around $208.
Despite the downgrades, M&T Bank has a market cap of $26.66 billion and a PE ratio of 11.11.
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El fracaso de las ganancias del primer trimestre de M&T Bank lleva a los principales bancos a bajar los objetivos de precios, manteniendo una calificación de "Hold".