M&T Bank Corporation Upgraded to Outperform at Wedbush 
<p>Wedbush analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/MTB'>M&T Bank Corporation (NYSE:MTB)</a> to Outperform from Neutral with a price target of $170 as they view the company as a defensive safe haven from a credit quality standpoint. </p>
<p>The upgrade is based mostly on the analysts’ expectation for the company to perform better than peers from a credit quality perspective in a recessionary environment. The analysts also like the company's conservative business model, its locking-in of NIM at an elevated level through balance sheet positioning, consistent earnings growth, and the potential revenue/expense synergies from the recent acquisition of People's United.</p>

NYSE:MTB