Comerica (NYSE:CMA) has been upgraded from Neutral to Buy in a report by Goldman Sachs today.
- Updated: September 16, 2016
Yesterday Comerica (NYSE:CMA) traded 0.87% lower at $46.66. CMA’s 50-day moving average is $46.04 and its two hundred day average is $42.74. The last stock price is up 8.23% from the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 825,829 shares of the stock traded hands, down from ann average trading volume of 2,059,970.
Goldman Sachs has upgraded Comerica(NYSE:CMA) from Neutral to Buy in a statement released Friday September 16 2016.
On 9/15/2016, Barclays Capital reported on Comerica(NYSE:CMA) bumped the target price from $42.00 to $45.00. At the time, this suggested a downside of -0.02%.
See Graphic Below:
A total of 27 analysts have issued a ratings update on the company. Two firms rate the stock a strong buy, four analysts rate the stock a buy, 22 firms rate the company a hold, two analysts rate the stock to underperform, and lastly one firmrate the stock as sell with an average target of $43.19
Comerica has a one-year low of $30.48 and a 52 week high of $47.70 with a price-earnings ratio of 20. The company’s market capitalization is presently $0.0.
Brief Synopsis 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 and asset and liability management activities.
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