Deutsche Bank Initiates Coverage On Comerica with Hold Rating, Announces Price Target of $59
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Bernard von-Gizycki initiates coverage on Comerica (NYSE:CMA) with a Hold rating and a price target of $59.

April 10, 2024 | 11:17 am
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Deutsche Bank initiated coverage on Comerica with a Hold rating and a price target of $59.
The initiation of coverage by a major bank like Deutsche Bank, with a Hold rating and a specific price target, provides investors with a new professional analysis to consider. However, a Hold rating typically suggests that the stock is expected to perform in line with the market or its sector, indicating neither a strong buy nor sell signal. Therefore, the short-term impact on the stock price might be neutral, as the market absorbs this new information and aligns expectations accordingly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100