Keefe, Bruyette & Woods Maintains Market Perform on Comerica, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher McGratty has maintained a 'Market Perform' rating on Comerica (NYSE:CMA) but reduced the price target from $60 to $58.
January 22, 2024 | 3:46 pm
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NEGATIVE IMPACT
Comerica's price target has been lowered from $60 to $58 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
The reduction in price target by an analyst can be seen as a negative signal, suggesting a potential decrease in the stock's value in the short term. However, since the rating remains unchanged, the impact might be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100