M&T Bank Corp (NYSE:MTB) reported upbeat earnings for the second quarter on Wednesday.

The company posted quarterly earnings of $5.35 per share which beat the analyst consensus estimate of $4.66 per share. The company reported quarterly sales of $2.532 billion which beat the analyst consensus estimate of $2.464 billion.

M&T Bank shares rose 2.8% to close at $248.53 on Wednesday.

These analysts made changes to their price targets on M&T Bank following earnings announcement.

• Baird analyst David George maintained the stock with a Neutral and raised the price target from $240 to $250.
• Barclays analyst Jason Goldberg maintained the stock with an Equal-Weight rating and raised the price target from $236 to $267.
• Keefe, Bruyette & Woods analyst David Konrad maintained the stock with a Market Perform and boosted the price target from $242 to $250.

Considering buying MTB stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.