BTIG Reiterates a 'Buy' on Comerica (CMA); Raising Numbers on Strong Q1 Results
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Price: $88.67 --0%
Rating Summary:
6 Buy, 28 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
6 Buy, 28 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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BTIG reiterates a 'Buy' on Comerica (NYSE: CMA) price target raised from $36 to $37.
Analyst, Mark Palmer, said, "While the current low interest rate environment should be punishing to Comerica given that 80% of its portfolio is floating-rate, the company continues to exceed expectations both in terms of net interest margin (NIM) and earnings thanks primarily to robust commercial loan growth."
Palmer adjusts FY12/13 EPS estimate to $2.50/2.85.
For an analyst ratings summary and ratings history on Comerica click here. For more ratings news on Comerica click here.
Shares of Comerica closed at $30.86 yesterday.
Analyst, Mark Palmer, said, "While the current low interest rate environment should be punishing to Comerica given that 80% of its portfolio is floating-rate, the company continues to exceed expectations both in terms of net interest margin (NIM) and earnings thanks primarily to robust commercial loan growth."
Palmer adjusts FY12/13 EPS estimate to $2.50/2.85.
For an analyst ratings summary and ratings history on Comerica click here. For more ratings news on Comerica click here.
Shares of Comerica closed at $30.86 yesterday.
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