M&T Bank edges up as Morgan Stanley upgrades to 'overweight'

M&T Bank

08/09/2026 17:55

** Shares of lender M&T Bank MTB.N marginally up after Morgan Stanley upgrades stock to "overweight" from "equal weight"
** Brokerage says, "We see upside to street net interest income and buyback estimates as loan growth accelerates"
** Adds, loan growth should accelerate over the next several quarters as commercial real estate gains momentum
** MS also raised PT to $304 from $253, implying 26.8% upside to the stock's last close
** Brokerage sees several positive catalysts ahead, including a beat-and-raise cadence on net interest income, higher buybacks as M&T manages capital lower and a potential M&A 
** Six of 20 analysts rate stock "strong buy" or "buy", 13 "hold" and one "sell"; their median PT is $255, per data compiled by LSEG
** Including session's move, stock up 19.6% YTD



 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))