Comerica Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Comerica (NYSE:CMA) reported better-than-expected Q3 earnings, with adjusted earnings of $1.37 per share against estimates of $1.16. Despite this, shares fell 3.9% to $62.41. Analysts have adjusted their price targets, with most raising them, reflecting a mixed sentiment.
October 21, 2024 | 5:56 pm
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Comerica's Q3 earnings exceeded expectations, but shares fell 3.9%. Analysts raised price targets, indicating mixed market sentiment.
Comerica's better-than-expected earnings should have been positive, but the stock price fell, indicating other market factors at play. Analysts raising price targets suggest potential future upside, but the mixed ratings (Underweight, Neutral, Overweight) reflect uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100