Comerica Incorporated (NYSE:CMA) has been upgraded to Outperform in a statement by Keefe, Bruyette & Woods earlier today.
- Updated: November 29, 2016
Boasting a price of $61.13, Comerica Incorporated (NYSE:CMA) traded 1.82% higher on the day. With the last close up 31.60% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Comerica Incorporated has recorded a 50-day average of $54.07 and a two hundred day average of $47.29. Volume of trade was down over the average, with 718,969 shares of CMA changing hands under the typical 2,095,360
Keefe, Bruyette & Woods has upgraded Comerica Incorporated (NYSE:CMA) to Outperform in a statement released on 11/29/2016.
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Comerica Incorporated has a 52 week low of $30.48 and a 52 week high of $62.50 with a P/E ratio of 25.94 The company’s market cap is currently $0.
In addition to Keefe, Bruyette & Woods reporting its target price, a total of 27 firms have reported on the stock. The consensus target price is $43.19 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 22 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
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 asset and liability management activities.
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