Truist Securities Maintains Buy on Comerica, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Buy rating on Comerica (NYSE:CMA) but lowers the price target from $62 to $60.

April 22, 2024 | 11:58 am
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Truist Securities maintains a Buy rating on Comerica but lowers the price target from $62 to $60.
The adjustment in price target by Truist Securities reflects a slight modification in their valuation assessment of Comerica, likely due to updated financial analysis or market conditions. While the reduction in price target could suggest a tempered outlook, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal might lead to a neutral short-term impact on the stock price, as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100