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CMA

Comerica

$48.06

-0.34 (-0.70%)

06:51
10/18/16
10/18
06:51
10/18/16
06:51

Comerica reports Q3 EPS 84c, consensus 74c

Reports the provision for credit losses decreased $33M to $16M. Net credit-related charge-offs were $16M, or 0.13% of average loans, compared to $47M, or 0.38%, in the second quarter 2016. Energy net credit-related charge-offs were $6M, compared to $32M in the second quarter 2016. The allowance for loan losses was $727M, or 1.48% of total loans. The reserve allocation for Energy remained above 8% of loans in the Energy business line.

  • 18

    Oct

CMA Comerica
$48.06

-0.34 (-0.70%)

09/16/16
09/16/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) coverage assumed with an Outperform from Neutral at Credit Suisse with analyst Edward Kelly saying he is encouraged by Wal-Mart's return to traffic growth against a deteriorating staples retail environment and its aggressive U.S. investments to solidify its position in an evolving industry. 2. Clorox (CLX) upgraded to Overweight from Neutral at Atlantic Equities. 3. Comerica (CMA) upgraded to Conviction Buy from Neutral at Goldman with analyst Ryan Nash saying he sees upside to Comerica's current recently announced strategic plan to improve pre-tax returns by $230M. 4. Hormel Foods (HRL) upgraded to Buy from Hold at Edward Jones. 5. Micron (MU) upgraded to Buy from Neutral at Cleveland Research with analyst Kevin Rottinghaus saying Micron's execution has improved and progress in DRAM and NAND fundamentals over the past 2-3 months is sustainable into 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/06/16
WEDB
10/06/16
INITIATION
Target $29
WEDB
Neutral
Comerica initiated with a Neutral at Wedbush
Wedbush analyst Peter Winter initiated Comerica with a Neutral and a $29 price target.
10/11/16
FBRC
10/11/16
DOWNGRADE
Target $50
FBRC
Market Perform
Comerica downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Bob Ramsey downgraded Comerica to Market Perform citing valuation following the recent strength in the shares. The analyst keeps a $50 price target for the stock.
10/11/16
10/11/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comerica (CMA) downgraded to Market Perform from Outperform at FBR Capital with analyst Bob Ramsey citing valuation following the recent strength in the shares. 2. Charter downgraded to Neutral from Buy at MoffettNathanson with analyst Craig Moffett saying shares have risen sharply year-to-date, along with consensus estimates, and views shares as fairly valued. 3. BHP Billiton (BHP) downgraded to Neutral from Buy at UBS with the firm citing its expectations for lower iron ore and coal prices over the next six months. 4. Illumina (ILMN) downgraded to Sell from Neutral at Janney Capital and to Neutral from Buy at Citi. 5. KBR (KBR) downgraded to Sell from Neutral at Goldman with analyst Jerry Revich citing limited growth prospects due to outsized exposure to core LNG and greenfield ammonia capex cycles that are in the early stages of decline. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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Perrigo

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SFLY

Shutterfly

$51.46

0.18 (0.35%)

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RNG

RingCentral

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ILMN

Illumina

$181.50

1.3 (0.72%)

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SFLY

Shutterfly

$51.46

0.18 (0.35%)

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EQGP

EQT GP

$27.22

-0.34 (-1.23%)

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EQT GP raises quarterly distribution to 19.1c per unit »

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RNG

RingCentral

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0.475 (1.57%)

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Earnings
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ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

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PRGO

Perrigo

$67.80

0.75 (1.12%)

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Earnings
Perrigo sees FY17 ex-items revenue $4.6B-$4.8B, consensus $5.47B »

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EQM

EQT Midstream Partners

$79.00

1.22 (1.57%)

16:08
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EQT Midstream Partners raises quarterly distribution to 89c per unit »

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  • 26

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COF

Capital One

$85.55

0.869 (1.03%)

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Capital One reports common equity Tier 1 capital ratio 10.4% at March 31 »

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T

AT&T

$39.89

-0.13 (-0.32%)

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CREE

Cree

$24.82

0.07 (0.28%)

16:08
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Earnings
Cree sees Q4 EPS 2c-7c, consensus 13c »

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  • 25

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COF

Capital One

$85.52

0.84 (0.99%)

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Capital One reports Q1 net charge ofs $1.5B »

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NTN

NTN Buzztime

$8.07

0.29 (3.73%)

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Syndicate
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COF

Capital One

$85.52

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Capital One drops after earnings miss expectations »

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SYK

Stryker

$135.47

1.02 (0.76%)

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EXAC

Exactech

$28.05

0.6 (2.19%)

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Earnings
Exactech sees Q2 EPS 32c-34c, consensus 33c »

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  • 26

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AKBA

Akebia

$9.37

0.06 (0.64%)

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PRGO

Perrigo

$67.84

0.79 (1.18%)

16:07
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Earnings
Perrigo reports Q1 preliminary revenue $1.2B, consensus $1.36B »

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CREE

Cree

$24.82

0.07 (0.28%)

16:07
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Cree forms joint venture with San'an Optoelectronics »

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  • 25

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EXAC

Exactech

$28.05

0.6 (2.19%)

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Exactech raises FY17 adjusted EPS view to $1.26-$1.32 from $1.24-$1.32 »

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  • 26

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CREE

Cree

$24.82

0.07 (0.28%)

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Earnings
Cree reports Q3 EPS 1c, consensus 4c »

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VNTV

Vantiv

$65.63

-0.22 (-0.33%)

16:06
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Vantiv to acquire Paymetric, terms not disclosed »

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  • 26

    Apr

CREE

Cree

$24.82

0.07 (0.28%)

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Technical Analysis
Cree slips lower after results »

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