Truist Securities Maintains Buy on Comerica, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Jennifer Demba maintains a 'Buy' rating on Comerica (NYSE:CMA) but has lowered the price target from $54 to $50.
June 29, 2023 | 2:46 pm
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Comerica's price target has been lowered from $54 to $50 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100