UPDATE: Raymond James Downgrades Comerica (CMA) to Outperform

April 17, 2019 2:20 AM EDT
Get Alerts CMA Hot Sheet
Price: $70.20 +2.15%

Rating Summary:
    9 Buy, 23 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 25 | New: 45
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(Updated - April 17, 2019 7:38 AM EDT)

(updated to add analyst comments)

Raymond James analyst Michael Rose downgraded Comerica (NYSE: CMA) from Strong Buy to Outperform with a price target of $87.00 (from $92.00).

  • Q1 beat but the revised outlook/guidance drives a reduction in forward EPS estimates
  • a more challenging interest rate backdrop and deposit growth/pricing environment posit less conviction

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 $79.39 yesterday.

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