Jefferies Maintains Buy on Comerica, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ken Usdin maintains a Buy rating on Comerica (NYSE:CMA) but lowers the price target from $65 to $60.

April 08, 2024 | 7:03 pm
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NEUTRAL IMPACT
Jefferies maintains a Buy rating on Comerica but lowers the price target from $65 to $60.
While the reduction in price target from $65 to $60 by Jefferies could suggest a tempered outlook for Comerica's stock, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on Comerica's stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100