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Fly News Breaks for June 29, 2016
CMA
Jun 29, 2016 | 07:22 EDT
BofA/Merrill downgraded Comerica to Underperform from Neutral and reduced its price target to $36 from $45. The firm's analyst lowered estimates 8% below consensus for 2016 and 17% below consensus in 2017 due to low rates that will pressure spread revenue growth, slower US economic growth, and continued reserve build.
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