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Fly News Breaks for July 11, 2019
RF, CMA
Jul 11, 2019 | 06:49 EDT
BofA Merrill Lynch analyst Erika Najarian downgraded Comerica two notches, to Underperform from Buy, citing the cloudier visibility on forward EPS given the more challenging backdrop. However, she noted that this rating change was not a call on the quarter but more about the environment for banks moving forward. Najarian also downgraded Regions Financial (RF) to Neutral from Buy, citing similar concerns.
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