Wedbush Downgrades Comerica to Neutral, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has downgraded Comerica (NYSE:CMA) from Outperform to Neutral and lowered the price target from $47 to $45.

November 03, 2023 | 12:52 pm
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NEGATIVE IMPACT
Comerica's downgrade from Outperform to Neutral by Wedbush analyst and a lower price target could negatively impact its stock price in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Outperform to Neutral indicates a less optimistic outlook for Comerica, which could lead to selling pressure. Additionally, the lower price target suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100