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flag M&T Bank's Q1 earnings miss prompts major banks to lower price targets, maintaining a "Hold" rating.

flag Royal Bank of Canada, Wells Fargo, and Truist Financial have all lowered their price targets for M&T Bank, despite maintaining mostly positive ratings. flag M&T Bank missed Q1 earnings expectations, reporting $3.38 EPS compared to the expected $3.41. flag The average rating for the stock is "Hold" with a consensus price target of around $208. flag 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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