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Analysts Offer Insights on Financial Companies: M&T Bank (MTB) and American Express (AXP)

Tipranks - Thu Jun 11, 4:44AM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on M&T Bank (MTB) and American Express (AXP).

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M&T Bank (MTB)

Wells Fargo analyst Mike Mayo maintained a Sell rating on M&T Bank yesterday and set a price target of $205.00. The company’s shares closed last Tuesday at $225.43, close to its 52-week high of $225.70.

According to TipRanks.com, Mayo is a top 100 analyst with an average return of 18.4% and a 74.2% success rate. Mayo covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon, and Fifth Third Bancorp. ;'>

Currently, the analyst consensus on M&T Bank is a Hold with an average price target of $230.27.

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American Express (AXP)

In a report released yesterday, Donald Fandetti from Wells Fargo reiterated a Buy rating on American Express, with a price target of $415.00. The company’s shares closed last Tuesday at $318.38, close to its 52-week high of $326.28.

According to TipRanks.com, Fandetti is a 5-star analyst with an average return of 9.8% and a 62.6% success rate. Fandetti covers the Financial sector, focusing on stocks such as Capital One Financial, Synchrony Financial, and PennyMac Financial. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Express with a $363.94 average price target, representing a 15.5% upside. In a report issued on May 27, Bank of America Securities also maintained a Buy rating on the stock.

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