M&T Bank Corporation, based in Buffalo, New York, is gearing up to reveal its first-quarter earnings on April 15, 2024, before the market opens. Analysts are anticipating the company to report earnings of $3.09 per share and quarterly revenue of $2.26 billion, as per information sourced from Benzinga Pro. Despite these projections, M&T Bank's shares experienced a 0.5% decline, closing at $134.56 on Friday, indicating some market fluctuations ahead of the earnings release.
For investors and readers keen on tracking the latest developments surrounding M&T Bank Corporation, Benzinga offers insights from various analysts who have recently updated their ratings and price targets for the company. Notable analysts include Jefferies' Ken Usdin, who on April 8, 2024, maintained a Hold rating but adjusted the price target from $154 to $151, citing their 64% accuracy rate. Additionally, analysts like David Konrad from Keefe, Bruyette & Woods and Manan Gosalia from Morgan Stanley have also shared their assessments, keeping investors informed about the company's performance and potential trajectory.
Tracking analyst recommendations and price targets can provide valuable insights for investors navigating the financial markets. From maintaining ratings to adjusting price targets, analysts play a crucial role in offering perspectives on companies such as M&T Bank Corporation. With various analysts like Jefferies, Keefe, Bruyette & Woods, and Morgan Stanley providing their analyses, investors can gain a comprehensive view of the stock's performance leading up to the earnings announcement.