M&T Bank price target raised to $223 from $222 at DA Davidson

DA Davidson analyst Peter Winter raised the firm’s price target on M&T Bank to $223 from $222 and keeps a Neutral rating on the shares after its Q4 earnings beat. There were several positives in the Q4 trends and 2025 outlook as credit metrics continued to improve, with meaningful declines in non-performing assets and criticized loans, while capital ratios also continue to build to top-end of peers, the analyst tells investors in a research note.