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CMA

Comerica

$65.50

-1.505 (-2.25%)

06:02
10/17/19
10/17
06:02
10/17/19
06:02

Comerica downgraded to Neutral from Overweight at Piper Jaffray

Piper Jaffray analyst Brett Rabatin downgraded Comerica to Neutral from Overweight with a price target of $72.50, down from $74.50. Following the company's Q3 earnings, it is more evident that valuation expansion for Comerica is not very likely given lower revenues and a lack of operating leverage, Rabatin tells investors in a research note. Positive estimate revisions seem unlikely, says the analyst, who still believes Comerica will remain more profitable than most peers.

CMA Comerica
$65.50

-1.505 (-2.25%)

09/10/19
MSCO
09/10/19
NO CHANGE
Target $82
MSCO
Overweight
Comerica price target lowered to $82 from $90 at Morgan Stanley
Morgan Stanley analyst Ken Zerbe noted that Comerica (CMA) disclosed in conference presentation slides released Friday after the close that its Q3 interest-bearing deposit costs would increase 5-7 bps to roughly 100 bps, which was initially "highly disappointing" to him as he'd assumed deposit costs would start to decline in Q3. However, Zerbe also points out that more banks, including M&T Bank (MTB) and First Republic (FRC), have been talking about flat-to-higher Q3 deposit costs as well. Comerica also noted in its slides that it expects a $30M decline in net interest income in Q3 due to interest rate moves, noted Zerbe, who added that Q4 might be another difficult quarter for net interest income. Due to lower NII, Zerbe lowered his EPS estimates and cut his price target on Comerica shares to $82 from $90, though he keeps an Overweight rating on the stock.
09/10/19
RHCO
09/10/19
NO CHANGE
Target $67
RHCO
Hold
Comerica price target lowered to $67 from $75 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Comerica to $67 and kept her Hold rating, saying the new deposit cost guidance from its management disclosed on Friday lowers the company's net interest income and margin expectations. The analyst also lowers her FY19 and FY20 EPS views by 21c and 89c to $7.84 and $7.37 respectively, adding that she will provide another update after its conference commentary and her meeting with Comerica management this week.
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.
10/17/19
JPMS
10/17/19
DOWNGRADE
Target $65
JPMS
Underweight
Comerica downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Steven Alexopoulos downgraded Comerica to Underweight from Neutral with a $65 price target.

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ACB

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BDSI

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AOBC

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BNGO

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IRMD

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NBEV

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BOOM

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CLAR

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JRSH

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MCHX

Marchex

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JYNT

Joint Corp.

$17.37

0.28 (1.64%)

SOLY

Soliton

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SMSI

Smith Micro

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PWFL

PowerFleet

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OSIS

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LOVE

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VERI

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WTER

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WFT

Weatherford

$0.00

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CNC

Centene

$57.71

-0.81 (-1.38%)

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Centene CEO: Our big markets are growing, we're gaining share »

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LYV

Live Nation

$64.24

-5.205 (-7.50%)

, ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

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S&P announces changes to S&P 400, 500, 600 indices »

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LYV

Live Nation

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ZBRA

Zebra Technologies

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STE

Steris

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AMG

Affiliated Managers

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TRIP

TripAdvisor

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MAC

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LOPE

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LEA

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OAS

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SWN

Southwestern Energy

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UNT

Unit Corp.

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FTR

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ARWR

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PLAN

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WPX

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$10.92

-0.24 (-2.15%)

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HLIT

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HZNP

Horizon Pharma

$32.84

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:33
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  • 28

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THMO

ThermoGenesis

$2.88

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AMRN

Amarin

$24.12

1.12 (4.87%)

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Breaking Hot Stocks news story on Amarin 

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  • 28

    Dec

QTNT

Quotient

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

, GVA

Granite Construction

$26.21

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ARWR

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$66.47

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GVA

Granite Construction

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

, SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

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Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

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  • 23

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:24
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LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

, LEA

Lear

$129.43

-0.84 (-0.64%)

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Grand Canyon, Lear to replace Oasis, Southwestern in S&P 400 at open on 12/23 »

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LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

LEA

Lear

$129.43

-0.84 (-0.64%)

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

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RTN

Raytheon

$217.31

-0.93 (-0.43%)

17:20
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Raytheon awarded $123.53M Navy contract modification »

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LYV

Live Nation

$64.24

-5.205 (-7.50%)

, ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

17:19
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Hot Stocks
Live Nation, Zebra Technologies, Steris to move to S&P 500 at open on 12/23 »

Live Nation (LYV), Zebra…

LYV

Live Nation

$64.24

-5.205 (-7.50%)

ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

STE

Steris

$151.93

-1.745 (-1.14%)

AMG

Affiliated Managers

$85.18

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TRIP

TripAdvisor

$29.24

-0.2 (-0.68%)

MAC

Macerich

$26.04

-0.46 (-1.74%)

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  • 26

    Feb

BAESY

BAE Systems

$0.00

(0.00%)

17:15
12/13/19
12/13
17:15
12/13/19
17:15
Hot Stocks
BAE Systems awarded $249.15M Army contract modification »

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WST

West Pharmaceutical

$146.32

-0.14 (-0.10%)

17:02
12/13/19
12/13
17:02
12/13/19
17:02
Hot Stocks
West Pharmaceutical announces 848K share repurchase authorization »

On December 10, 2019, the…

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:02
12/13/19
12/13
17:02
12/13/19
17:02
Earnings
Amarin sees FY20 revenue $650M-$700M, consensus $654.55M »

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  • 28

    Dec

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