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Fly News Breaks for July 18, 2019
CMA
Jul 18, 2019 | 07:15 EDT
BMO Capital analyst Lana Chan lowered her price target on Comerica to $78 and kept her Market Perform rating after its Q2 earnings miss, also lowering her FY19 and FY20 EPS view by 24c and 30c to $7.91 and $7.75 respectively. The analyst cites the lower net interest margins reported in Q2 and also assumes more pressure coming from her expected 3 Fed interest rate cuts by the Fed, adding that there is little room for the company to reduce expenses.
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.
