Keefe, Bruyette & Woods Maintains Market Perform on Comerica, Lowers Price Target to $58-Report Released on 19 January 2024
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 | 3:47 pm
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Comerica's price target has been lowered from $60 to $58 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
A lowered price target can often lead to a negative perception among investors, potentially causing a short-term dip in the stock price. However, since the rating remains unchanged, the impact might be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100