** Shares of regional lender M&T Bank MTB.N fall 1.7% to $210.69 after J.P. Morgan downgrades stock to "neutral" from "overweight"
** Brokerage says MTB stock has shown strong outperformance YTD compared to its regional bank coverage universe
** Adds that there is a lack of an additional catalyst for the continued outperformance of MTB shares
** JPM believes MTB's office commercial real estate exposure and relatively lower loan loss reserves are likely to remain a headwind even as the bank works on shrinking its exposure to the beleaguered sector
** Office CRE exposure is likely to remain an overhang for the stock — JPM
** Eleven of 22 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; median PT is $223.50 — LSEG
** As of last close, MTB shares up 56.4% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。