They Just Don't Get Daily Dips!: Marek Fuchs takes Reuters to task for calling a resilient market sagging, even though it was down a grand total of .4%.

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3.8%

Focus List -- Price 85.86 on April 16
by McAdams Wright Ragen
1Q08 EPS was $1.82, with a 26-cent benefit from Visa IPO. Excluding it, results [matched] consensus $1.56... . Fundamentals for the quarter were ... quite solid, all things considered; we expect MTB to continue performing strongly by sticking to its knitting... . Our two-year target is 129, based on 16.6 times our FY09 EPS estimate and 2 times our FY09 projected book value of about 66. Market cap: $9.5 billion.

M&T Bank (MTB) was upgraded from Sell to Hold, Citigroup said. $75 price target. Company missed fourth quarter expectations, but underlying credit trends remain steady. Estimates still cut through 2009, to reflect a lower net interest margin.

M&T Bank (MTB) was downgraded from Neutral to Sell, Merrill Lynch said. Company faces higher credit losses in 2008. There's also the potential for a sizable mezzanine sub-prime CDO writedown.

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13.65

2.70%
Buffett

3.3 2.05%

Opportunistic buyer