Comerica Incorporated (NYSE:CMA) has been upgraded to Buy in a report by Goldman Sachs Group Inc. today.
- Updated: September 16, 2016
Goldman Sachs Group Inc. has upgraded Comerica Incorporated(NYSE:CMA) to Buy in a statement released on 9/16/2016.
On Thursday September 15 2016, Barclays Capital reported about Comerica Incorporated(NYSE:CMA) raised the target price from $42.00 to $45.00. At the time, this suggested a downside of -0.02%.
Only yesterday Comerica Incorporated (NYSE:CMA) traded 0.87% lower at $46.66. Comerica Incorporated’s 50-day average is $46.04 and its 200-day moving average is $42.74. The last stock close is up 8.23% from the two hundred day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. Volume of trade was was down over the average, with 825,829 shares of CMA changing hands under the typical 2,059,970 shares..
Recent Performance Graph:
With a market capitalization of $0.0, Comerica Incorporated has a 52 week low of $30.48 and a 52 week high of $47.70 with a PE ratio of 20.
A total of 27 firms have reported on Comerica Incorporated. Two firms rate the stock a strong buy, four firms rate the stock a buy, 22 firms rate the stock a hold, two firms rate the company to underperform, and lastly one firmrate the company as sell with a consensus target of $43.19
More About Comerica Incorporated (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 and asset and liability management activities.
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