Resumed Overweight X

MTB M&T Bank

Piper Sandler

$225

Downgrades Overweight Eq-Weight X

MTB M&T Bank

Morgan Stanley

$251

Initiated Buy X

MTB M&T Bank

Jefferies

$225

Initiated Buy X

MTB M&T Bank

TD Cowen

$230

Upgrades Hold Buy X

MTB M&T Bank

Deutsche Bank

$210

Downgrades Overweight Neutral X

MTB M&T Bank

JP Morgan

$215 $223.50

Downgrades Buy Neutral X

MTB M&T Bank

Citigroup

$220 $230

Upgrades Peer Perform Outperform X

MTB M&T Bank

Wolfe Research

$210

Upgrades In-line Outperform X

MTB M&T Bank

Evercore ISI

$187 $210

Upgrades Neutral Overweight X

MTB M&T Bank

JP Morgan

$183 $215

Downgrades Eq Weight Underweight X

MTB M&T Bank

Wells Fargo

$170 $165

Downgrades Buy Hold X

MTB M&T Bank

Deutsche Bank

$145

Downgrades Buy Hold X

MTB M&T Bank

Odeon

$133.65

Upgrades Hold Buy X

MTB M&T Bank

Argus

$150

Downgrades Buy Neutral X

MTB M&T Bank

UBS

Upgrades Neutral Buy X

MTB M&T Bank

Citigroup

$178 $155

Downgrades Outperform Peer Perform X

MTB M&T Bank

Wolfe Research

Upgrades Hold Buy X

MTB M&T Bank

Odeon

$171.76

Downgrades Overweight Eq Weight X

MTB M&T Bank

Barclays

$225 $194

Upgrades Neutral Outperform X

MTB M&T Bank

Wedbush

$170

Initiated Neutral X

MTB M&T Bank

DA Davidson

$160

Downgrades Outperform Mkt Perform X

MTB M&T Bank

Keefe Bruyette

$215 $180

Resumed Overweight X

MTB M&T Bank

Morgan Stanley

$220 $235

Downgrades Buy Neutral X

MTB M&T Bank

Citigroup

$200

Resumed Neutral X

MTB M&T Bank

Wedbush

$187

Upgrades Neutral Outperform X

MTB M&T Bank

Robert W. Baird

$200

Upgrades Underweight Overweight X

MTB M&T Bank

Morgan Stanley

$179 $238

Downgrades Eq-Weight Underweight X

MTB M&T Bank

Morgan Stanley

$185 $179

Resumed Buy X

MTB M&T Bank

Citigroup

Upgrades Neutral Overweight X

MTB M&T Bank

Piper Sandler

$170 $190

Resumed Equal-Weight X

MTB M&T Bank

Morgan Stanley

$195

Downgrades Buy Neutral X

MTB M&T Bank

Citigroup

$156 $170

Resumed Neutral X

MTB M&T Bank

Citigroup

Resumed Outperform X

MTB M&T Bank

Keefe Bruyette

$181

Upgrades Neutral Buy X

MTB M&T Bank

BofA Securities

Downgrades Overweight Neutral X

MTB M&T Bank

Piper Jaffray

$196 $168

Downgrades Neutral Sell X

MTB M&T Bank

Citigroup

$172 $163

Downgrades Outperform Neutral X

MTB M&T Bank

Robert W. Baird

$175

Upgrades Sell Neutral X

MTB M&T Bank

UBS

Reiterated Overweight X

MTB M&T Bank

Barclays

$210 $203

Upgrades Neutral Overweight X

MTB M&T Bank

Piper Jaffray

Upgrades In-line Outperform X

MTB M&T Bank

Evercore ISI

Upgrades Neutral Buy X

MTB M&T Bank

Goldman

Upgrades Mkt Perform Outperform X

MTB M&T Bank

Keefe Bruyette

Upgrades Mkt Perform Outperform X

MTB M&T Bank

Bernstein

Reiterated Neutral X

MTB M&T Bank

Wedbush

$180 $186

MTB  M&T Bank Corporation

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, NA). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services. Its segments are Business Banking, which provides a range of services to small businesses and professionals; Commercial Banking, which provides a range of credit products and banking services; Commercial Real Estate, which provides credit and deposit services; Discretionary Portfolio, which includes investment and trading account securities, residential real estate loans and other assets, and short-term and long-term borrowed funds; Residential Mortgage Banking, which originates and services residential mortgage loans, and Retail Banking, which services to consumers through various delivery channels.