Compass Point analyst David Rochester lowered the firm’s price target on Comerica to $56 from $63 and keeps a Buy rating on the shares. The firm is adjusting its FY24 and FY25 core EPS estimates to $4.86 and $5.40 from $5.00 and $6.00, respectively, primarily reflecting lower core net interest income and net interest margin, offset partially by modestly lower provision and expenses.
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Read More on CMA:
- Comerica price target lowered to $50 from $53 at Morgan Stanley
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