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Fly News Breaks for April 18, 2018
CMA
Apr 18, 2018 | 08:09 EDT
BMO Capital analyst Lana Chan lowered her price target on Comerica to $109 after a weaker than expected Q1 result but kept her Outperform rating, adding that the company is a "key beneficiary of higher short-term rates, any improvement in commercial loan demand, and de-regulation". Chan also noted the management's update for the current quarter, saying loans and deposits have picked up after seasonal Q1 weakness. The analyst still lowered her FY18 EPS target by about 3% to $7.00.
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