Analysts have been eager to weigh in on the Financial sector with new ratings on M&T Bank (MTB – Research Report), First Merchants (FRME – Research Report) and Commerce Bancshares (CBSH – Research Report).
M&T Bank (MTB)
KBW analyst David Konrad assigned a Hold rating to M&T Bank yesterday and set a price target of $170.00. The company’s shares closed last Wednesday at $151.26.
According to TipRanks.com, Konrad is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for M&T Bank with a $160.20 average price target, an 8.5% upside from current levels. In a report issued on May 6, Barclays also assigned a Hold rating to the stock with a $170.00 price target.
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First Merchants (FRME)
KBW analyst Damon Delmonte assigned a Buy rating to First Merchants yesterday and set a price target of $43.00. The company’s shares closed last Wednesday at $35.65.
According to TipRanks.com, Delmonte is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Merchants with a $42.75 average price target, which is a 21.1% upside from current levels. In a report issued on April 29, Piper Sandler also assigned a Buy rating to the stock with a $42.50 price target.
Commerce Bancshares (CBSH)
KBW analyst Christopher Mcgratty assigned a Hold rating to Commerce Bancshares yesterday and set a price target of $60.00. The company’s shares closed last Wednesday at $56.41, close to its 52-week high of $57.00.
According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of
Commerce Bancshares has an analyst consensus of Hold, with a price target consensus of $57.00, which is a 2.1% upside from current levels. In a report issued on May 7, Wells Fargo also maintained a Hold rating on the stock with a $52.00 price target.
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Read More on MTB:
- M&T Bank Shares Investor Presentation Insights
- M&T Bank Corporation Announces Series H Preferred Stock Quarterly Dividend
- M&T Bank price target raised to $160 from $157 at BofA
- M&T Bank price target raised to $150 from $145 at Wells Fargo
- Early notable gainers among liquid option names on April 15th
