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Comerica (NYSE:CMA) target price raised to $56.00, reported today by RBC Capital

Yesterday Comerica (NYSE:CMA) traded 4.14% higher at $50.05. The company’s 50-day moving average is $47.36 and its 200-day moving average is $44.43. The last stock close price is up 12.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,894,844 shares of the stock were exchanged, up from an average trading volume of 1,887,310

Comerica (NYSE:CMA) had its target price raised to $56.00 by RBC Capital in a report released Wednesday October 19, 2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

See Chart Below

Comerica (NYSE:CMA)

Comerica has a 52 week low of $30.48 and a 52 week high of $50.54 with a P/E ratio of 21.73 The company’s market cap is currently $0.

In addition to RBC Capital 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 (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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