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Fly News Breaks for January 20, 2016
CMA
Jan 20, 2016 | 07:28 EDT
Stephens analyst Terry McEvoy said Comerica's Q4 results were largely as expected and its earnings call went well, but he believes the perception of the bank will continue to be hurt as long as uncertainty around its energy portfolio persists. The analyst lowered his price target on the stock to $45 from $52 to account for lower bank stock valuations, but see Comerica being profitable, growing loans and buying back stock this year, prompting him to keep an Overweight rating on its shares.
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