Comerica Inc (NYSE:CMA) has been upgraded from Hold to Buy in a report by Jefferies & Co today.
- Updated: November 28, 2016
Yesterday Comerica Inc (NYSE:CMA) traded -0.02% lower at $61.80. The company’s 50-day moving average is $53.72 and its 200-day moving average is $47.10. The last stock close price is up 31.98% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 466,600 shares of the stock were exchanged, down from an average trading volume of 2,099,820
Jefferies & Co has upgraded Comerica Inc (NYSE:CMA) from Hold to Buy in a report released on 11/28/2016.
Previously on Wednesday March 02, 2016, Compass Point reported on Comerica Inc (NYSE:CMA) reduced the target price from $43.00 to $40.00. At the time, this indicated a possible upside of 0.12%.
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Comerica Inc has a 52 week low of $30.48 and a 52 week high of $62.44 with a P/E ratio of 25.91 Comerica Inc’s market capitalization is currently $0.
In addition to Jefferies & Co reporting its stock price target, a total of 27 brokerages have issued a ratings update on the company. The average stock price target is $43.19 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 22 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Comerica Inc (NYSE:CMA)
Comerica Incorporated (Comerica) is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.
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