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Fly News Breaks for October 6, 2015
CMA
Oct 6, 2015 | 06:55 EDT
JPMorgan analyst Steven Alexopoulos downgraded Comerica to Neutral in a note recommending investors trim exposure to asset sensitive banks. The analyst finds it likely that either the Federal Reserve raises rates at the December meeting and then pauses or foregoes raising over the near-term altogether. He cut his price target for Comerica shares to $45 from $57.
News For CMA From the Last 2 Days
CMA
Apr 26, 2024 | 07:34 EDT
Piper Sandler analyst R. Scott Siefers raised the firm's price target on Comerica to $56 from $54 and keeps a Neutral rating on the shares. The Q1 results from the Midwest banks contained no major surprises, and they are "hopefully nearing a positive" net interest income inflection, the analyst tells investors in a research note. Despite the fluid rate environment, managements broadly reiterated NII guides, says Piper.
