Raymond James Downgrades Comerica to Outperform, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has downgraded Comerica (NYSE:CMA) from Strong Buy to Outperform and lowered the price target from $57 to $53.

October 05, 2023 | 11:51 am
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Comerica's rating has been downgraded from Strong Buy to Outperform by Raymond James, with a lowered price target from $57 to $53.
The downgrade from Strong Buy to Outperform indicates a less optimistic outlook for Comerica's stock. The lowered price target from $57 to $53 also suggests that the analyst sees less upside potential in the stock. This could potentially lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100