RBC Capital Maintains Outperform Rating for Comerica: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Comerica (NYSE:CMA) but lowered its price target from $54.00 to $50.00. Comerica's shares are currently trading at $38.01, up 0.16% over the last 24 hours. A move to $50.00 would represent a 31.54% increase from the current share price.
October 23, 2023 | 5:00 pm
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RBC Capital maintains Outperform rating for Comerica but lowers its price target. This could potentially lead to increased investor interest.
The maintained Outperform rating indicates that RBC Capital still sees potential in Comerica's stock, which could attract investors. However, the lowered price target suggests a tempered expectation of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100