Comerica (NYSE:CMA) has been upgraded from Hold to Buy in a report by Jefferies earlier today.
- Updated: November 28, 2016
Having a price of $62.16, Comerica (NYSE:CMA) traded -0.02% lower on the day. With the last close up 31.98% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Comerica has recorded a 50-day average of $53.72 and a two hundred day average of $47.10. Volume of trade was down over the average, with 466,600 shares of CMA changing hands under the typical 2,099,820
Jefferies has upgraded Comerica (NYSE:CMA) from Hold to Buy in a statement released on Monday November 28, 2016.
On Wednesday March 02, 2016, Compass Point released a statement on Comerica (NYSE:CMA) dropped the target price from $43.00 to $40.00 that suggested an upside of 0.12%.
With a total market value of $0, Comerica has price-earnings ratio of 25.91 with a one year low of $30.48 and a one year high of $62.44 .
A total of 27 analysts have released a research note on Comerica. Two analysts rating the company a strong buy, four analysts rating the company a buy, twenty-two analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $43.19.
More About Comerica (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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