JP Morgan Maintains Neutral on Comerica, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Elian maintains a Neutral rating on Comerica (NYSE:CMA) but raises the price target from $65 to $70.
October 21, 2024 | 2:15 pm
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POSITIVE IMPACT
JP Morgan has maintained its Neutral rating on Comerica but increased the price target from $65 to $70, indicating a slightly more positive outlook.
The increase in price target suggests a more optimistic view on Comerica's future performance, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see significant upside potential, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100