Comerica downgraded to Hold from Buy at Truist

Truist downgraded Comerica to Hold from Buy with a price target of $53, down from $55. The analyst cites lower net interest income and lower fee income in 2025, offset partially by lower provisioning in 2024, for the downgrade. Comerica’s net interest income and margin trajectory is now less appealing given continued deposit outflows, the analyst tells investors in a research note.