Morgan Stanley Maintains Equal-Weight Rating for Comerica: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Comerica (NYSE:CMA) but lowered its price target from $46.00 to $45.00. Comerica's shares are currently trading up 4.32% over the last 24 hours, at $44.66 per share. A move to $45.00 would account for a 0.76% increase from the current share price.
July 07, 2023 | 5:01 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained its Equal-Weight rating for Comerica but lowered its price target. This could potentially impact investor sentiment and the stock's short-term performance.
The decision by Morgan Stanley to maintain its Equal-Weight rating indicates a neutral outlook for Comerica. However, the lowering of the price target could potentially signal a less optimistic view on the stock's value, which might impact investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100