Comerica price target lowered to $52 from $85 at Barclays

Barclays analyst Jason Goldberg lowered the firm’s price target on Comerica to $52 from $85 and keeps an Underweight rating on the shares ahead of the Q1 results. The analyst expects the quarter to reflect the impact from rising funding costs and lower deposits, but continued loan growth and benign credit. Higher pension expense could also weigh on Comerica, the analyst tells investors in a research note.