Wells Fargo Maintains Underweight on Comerica, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Whit Mayo has maintained an Underweight rating on Comerica (NYSE:CMA) but increased the price target from $45 to $52.

December 14, 2023 | 8:00 pm
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Wells Fargo maintains an Underweight rating on Comerica but raises the price target from $45 to $52.
While the increase in price target could be seen as a positive signal, the Underweight rating suggests that Wells Fargo's outlook on Comerica remains bearish. The mixed message may lead to a neutral short-term impact on the stock as the market digests both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100