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Fly News Breaks for March 7, 2018
CMA
Mar 7, 2018 | 08:37 EDT
BMO Capital analyst Lana Chan raised her price target on Comerica to $116 and also raised her EPS forecasts for FY18 and FY19 by 5% after the company's Q1 update on loan yields. Chan keeps her Outperform rating, saying the company is well positioned to improve its ROTCE to about 18% in 2019 with "further upside to estimates from any improvement in commercial loan demand".
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