JP Morgan Downgrades Comerica to Neutral, Announces $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos downgraded Comerica (NYSE:CMA) from Overweight to Neutral and set a price target of $57.
December 12, 2023 | 12:54 pm
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NEGATIVE IMPACT
Comerica downgraded by JP Morgan from Overweight to Neutral with a $57 price target.
Downgrades by major analysts like JP Morgan can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target of $57 may also set a lower expectation for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100