Wells Fargo Downgrades Comerica (CMA) to Market Perform

Wells Fargo downgraded Comerica (NYSE: CMA) from Outperform to Market Perform but maintained a $30-$32 valuation range.

The firm states, "Lower interest rate expectations in 2012 causes us to downgrade our rating on CMA to Underperform from Market Perform and cut our 2012 GAAP EPS estimate to $2.40 from $2.55."

For more ratings news on Comerica click here and for the rating history of Comerica click here.

Shares of Comerica closed at $29.91 yesterday.

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