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Analysts Conflicted on These Financial Names: Associated Banc-Corp (ASB) and M&T Bank (MTB)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Associated Banc-Corp (ASBResearch Report) and M&T Bank (MTBResearch Report).

Associated Banc-Corp (ASB)

In a report issued on September 14, Jon Arfstrom from RBC Capital maintained a Hold rating on Associated Banc-Corp, with a price target of $24.00. The company’s shares closed last Friday at $20.69.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 19.9% and a 54.2% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Old National Bancorp Capital.

The word on The Street in general, suggests a Hold analyst consensus rating for Associated Banc-Corp with a $23.33 average price target.

See today’s best-performing stocks on TipRanks >>

M&T Bank (MTB)

RBC Capital analyst Gerard Cassidy maintained a Buy rating on M&T Bank on September 14 and set a price target of $190.00. The company’s shares closed last Friday at $182.85.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 21.4% and a 67.1% success rate. Cassidy covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, JPMorgan Chase & Co., and Goldman Sachs Group.

M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $198.83, which is a 7.9% upside from current levels. In a report issued on September 12, Deutsche Bank also maintained a Buy rating on the stock with a $255.00 price target.

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