Morgan Stanley Maintains Equal-Weight on Comerica, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Comerica (NYSE:CMA) but lowers the price target from $53 to $50.
July 22, 2024 | 5:27 pm
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Morgan Stanley has maintained its Equal-Weight rating on Comerica but has lowered the price target from $53 to $50, indicating a cautious outlook.
The lowered price target from $53 to $50 by Morgan Stanley suggests a more cautious outlook on Comerica's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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