Soleil Securities Initiates Coverage on Comerica (CMA) with a Buy
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Soleil Securities initiates coverage on Comerica Inc. (NYSE: CMA) with a Buy. Price target $28.50
Soleil analyst says, "In our opinion, CMA's strong capital position, solid long-term earnings power, and focused commercial and relationship-banking strategy will allow the company to weather the cycle and offer considerable upside from current levels. While we expect challenges including elevated credit losses, a compressed NIM, and slow loan growth to remain for some time, we believe that these factors are priced into the stock, which is trading at just .65x TBV."
To see more analyst ratings on CMA Click Here.
Comerica Incorporated (Comerica) is a financial services company. Comerica operates through three business segments: Business Bank, Retail Bank, and Wealth & Institutional Management.
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