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Fly News Breaks for April 20, 2016
CMA
Apr 20, 2016 | 09:28 EDT
As previously reported, Stephens analyst Terry McEvoy downgraded Comerica to Equal Weight from Overweight, noting that the bank's new strategic review should improve revenue and expenses, but the costs involved and time frame to complete are uncertain. Additionally, McEvoy see a limited number of potential strategic buyers for Comerica. The analyst rescinds his prior $42 price target on Comerica shares.
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.
