Keefe Bruyette analyst Christopher McGratty upgraded Comerica to Outperform from Market Perform with a price target of $69, up from $50. The firm says that over the past two years, it held off on recommending Comerica as its estimates were biased lower due to net interest income pressure, which would overshadow the “cheapness factor” of the stock. The analyst believes now is the time to buy the stock.
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Read More on CMA:
- Comerica price target raised to $61 from $50 at Morgan Stanley
- Comerica Declares Common and Preferred Stock Dividends
- Comerica price target lowered to $56 from $63 at Compass Point
- Comerica price target lowered to $56 from $58 at RBC Capital
- Comerica price target lowered to $50 from $53 at Morgan Stanley
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