M&T Bank Corp (NYSE:MTB)is gearing up to report results in early October, after having reported upbeat earnings for the second quarter. The U.S. Federal Reserve cutting its benchmark interest rates could be a catalyst for the company’s credit metrics and drive stronger earnings growth, according to JPMorgan analyst Steven Alexopoulos. The M&T Bank Thesis: Alexopoulos upgraded the rating for M&T Bankfrom Neutral to Overweight, while raising the price target from $183 to $215. While there are currently “several overhangs on the stock,” a recent meeting with CFO Daryl Bible indicates that these f…
