DA Davidson Downgrades Comerica to Neutral, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Peter Winter downgrades Comerica (NYSE:CMA) from Buy to Neutral and lowers the price target from $63 to $56.

February 27, 2024 | 4:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Comerica downgraded from Buy to Neutral by DA Davidson, with a price target reduction from $63 to $56.
The downgrade from Buy to Neutral by a reputable analyst, along with a significant reduction in the price target, suggests a less optimistic outlook for Comerica's stock in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100