Bullish Case: Recent upward trajectory and significant improvement from sixty days ago position MTB for potential growth. Historical performance suggests resilience, with indications of overcoming past declines.


Bearish Case: MTB faces challenges with underwhelming past two-year performance and potential market saturation. Low implied volatility suggests market complacency, which could lead to unexpected downturns.


Potential Outcomes:

1. 50% chance of bullish recovery on short-term gains, leveraging mean reversion.

2. 30% chance of continued sideways movement due to current market saturation.

3. 20% chance of downturn if market conditions worsen unexpectedly.


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April 27, 2024


M & T Forecast

MTB        M & T
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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