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Fly News Breaks for September 7, 2018
CMA
Sep 7, 2018 | 06:12 EDT
Macquarie analyst David Konrad downgraded Comerica to Neutral from Buy with a $104 price target to reflect declining LIBOR spreads that will result in a decline in sequential NIM improvement. Konrad is cautious heading into September as he expects guidance to be disappointing relative to 2H 2018 expectations and said excess capital is more efficiently priced into the stock.
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