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Fly News Breaks for September 4, 2019
CMA
Sep 4, 2019 | 08:40 EDT
Odeon Capital analyst Richard Bove downgraded Comerica to Sell from Buy, stating that he believes earnings may remain stressed for a couple of years and management appears to be reluctant to sell the bank, which would be the solution. Given that the company's balance sheet is "less robust" and the bank does not appear to have a growth strategy, he would prefer to invest elsewhere, Bove tells investors.
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