RBC Capital Reiterates Outperform on Comerica, Maintains $63 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has reiterated an Outperform rating on Comerica (NYSE:CMA) and maintained a price target of $63. This reaffirmation of the bank's stock performance and target price suggests confidence in Comerica's future financial performance.
January 22, 2024 | 5:35 pm
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RBC Capital analyst Jon Arfstrom has reiterated an Outperform rating on Comerica, with a maintained price target of $63, indicating a positive outlook on the bank's stock.
The reiteration of an Outperform rating by a prominent analyst can positively influence investor sentiment and potentially lead to an increase in the stock price in the short term. The maintained price target of $63 suggests that the analyst sees continued upside potential for Comerica's shares, which could encourage investors to maintain or establish positions in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100