B of A Securities Downgrades Comerica to Underperform, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Comerica (NYSE:CMA) from Neutral to Underperform and reduced its price target from $55 to $52.

October 07, 2024 | 11:13 am
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NEGATIVE IMPACT
B of A Securities has downgraded Comerica from Neutral to Underperform, reducing the price target from $55 to $52. This suggests a negative outlook on Comerica's stock performance.
The downgrade from Neutral to Underperform by a major analyst like B of A Securities typically indicates a negative sentiment towards the stock, which can lead to a decrease in investor confidence and a potential drop in stock price. The lowered price target further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100