Cantor Fitzgerald raises M&T Bank target to $285, keeps Overweight rating after strong stock gains.

Cantor Fitzgerald maintained its Overweight rating on M&T Bank and raised the price target from $262 to $285, reflecting confidence after the bank's shares rose 20.3% in three months, outperforming the S&P 500 and regional peers. M&T Bank appointed a new head of AI engineering, signaling a focus on digital transformation, and declared a quarterly dividend of $1.50 per share. The raised target price implies a potential 13.3% upside from the current price, highlighting positive analyst sentiment despite no direct revenue impact yet from the AI leadership change.