TOday’s Movers: Comerica (NYSE:CMA) Stock Rating Reconfirmed by Deutsche Bank; $82 Target Price Indicates 3.33 % Potential

November 21, 2017 - By Maria Brooks

 TOday’s Movers: Comerica (NYSE:CMA) Stock Rating Reconfirmed by Deutsche Bank; $82 Target Price Indicates 3.33 % Potential

Investors sentiment increased to 1.35 in 2017 Q2. Its up 0.39, from 0.96 in 2017Q1. It increased, as 22 investors sold Comerica Incorporated shares while 145 reduced holdings. 65 funds opened positions while 161 raised stakes. 143.22 million shares or 1.54% less from 145.47 million shares in 2017Q1 were reported.

Jacobs Levy Equity Management Inc reported 326,030 shares. Victory Capital Mgmt reported 1.35 million shares stake. Baystate Wealth Management Ltd Liability reported 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA). Smithfield Com, Pennsylvania-based fund reported 2,546 shares. Segall Bryant And Hamill Ltd Liability Corporation, a Illinois-based fund reported 3,000 shares. Maverick Ltd has invested 0.05% in Comerica Incorporated (NYSE:CMA). Catawba Capital Mngmt Va has invested 0.07% of its portfolio in Comerica Incorporated (NYSE:CMA). Bluecrest Mngmt has invested 0.38% in Comerica Incorporated (NYSE:CMA). Oakbrook Investments Ltd Liability Corporation reported 7,200 shares. Lord Abbett And Ltd Llc has invested 0.21% in Comerica Incorporated (NYSE:CMA). 1,325 are held by Whittier Of Nevada. Natixis Asset Mngmt holds 0.09% of its portfolio in Comerica Incorporated (NYSE:CMA) for 14,304 shares. Gsa Capital Prtn Limited Liability Partnership holds 13,136 shares. Hbk Investments L P holds 0.05% of its portfolio in Comerica Incorporated (NYSE:CMA) for 75,100 shares. Marvin And Palmer Inc stated it has 2.79% in Comerica Incorporated (NYSE:CMA).

Comerica (NYSE:CMA) Rating Reaffirmed

Investment analysts at Deutsche Bank now has a $82 target price on Comerica (NYSE:CMA). Deutsche Bank and their recent target price means a potential upside of 3.33 % from the company’s previous stock close. The rating has been released in a research note on 8 November.

Investors sentiment increased to 1.35 in 2017 Q2. Its up 0.39, from 0.96 in 2017Q1. It increased, as 22 investors sold Comerica Incorporated shares while 145 reduced holdings. 65 funds opened positions while 161 raised stakes. 143.22 million shares or 1.54% less from 145.47 million shares in 2017Q1 were reported.

Jacobs Levy Equity Management Inc reported 326,030 shares. Victory Capital Mgmt reported 1.35 million shares stake. Baystate Wealth Management Ltd Liability reported 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA). Smithfield Com, Pennsylvania-based fund reported 2,546 shares. Segall Bryant And Hamill Ltd Liability Corporation, a Illinois-based fund reported 3,000 shares. Maverick Ltd has invested 0.05% in Comerica Incorporated (NYSE:CMA). Catawba Capital Mngmt Va has invested 0.07% of its portfolio in Comerica Incorporated (NYSE:CMA). Bluecrest Mngmt has invested 0.38% in Comerica Incorporated (NYSE:CMA). Oakbrook Investments Ltd Liability Corporation reported 7,200 shares. Lord Abbett And Ltd Llc has invested 0.21% in Comerica Incorporated (NYSE:CMA). 1,325 are held by Whittier Of Nevada. Natixis Asset Mngmt holds 0.09% of its portfolio in Comerica Incorporated (NYSE:CMA) for 14,304 shares. Gsa Capital Prtn Limited Liability Partnership holds 13,136 shares. Hbk Investments L P holds 0.05% of its portfolio in Comerica Incorporated (NYSE:CMA) for 75,100 shares. Marvin And Palmer Inc stated it has 2.79% in Comerica Incorporated (NYSE:CMA).

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 29 analysts covering Comerica Inc (NYSE:CMA), 12 have Buy rating, 2 Sell and 15 Hold. Therefore 41% are positive. Comerica Inc has $86 highest and $34 lowest target. $66.52’s average target is -16.18% below currents $79.36 stock price. Comerica Inc had 95 analyst reports since July 20, 2015 according to SRatingsIntel. Barclays Capital maintained Comerica Incorporated (NYSE:CMA) on Tuesday, January 3 with “Underweight” rating. Robert W. Baird downgraded the shares of CMA in report on Thursday, November 10 to “Neutral” rating. As per Wednesday, November 8, the company rating was maintained by Deutsche Bank. The stock has “Underperform” rating by Bank of America on Tuesday, January 12. The rating was upgraded by Wells Fargo to “Market Perform” on Friday, July 8. The firm has “Equal-Weight” rating by Stephens given on Wednesday, April 20. PiperJaffray upgraded the stock to “Overweight” rating in Tuesday, September 12 report. The stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by Jefferies on Wednesday, April 5. On Tuesday, July 18 the stock rating was maintained by Stephens with “Buy”. The stock of Comerica Incorporated (NYSE:CMA) has “Buy” rating given on Friday, June 16 by Wood.

About 228,725 shares traded. Comerica Incorporated (NYSE:CMA) has risen 54.07% since November 21, 2016 and is uptrending. It has outperformed by 37.37% the S&P500.

Analysts expect Comerica Incorporated (NYSE:CMA) to report $1.25 EPS on January, 16.They anticipate $0.26 EPS change or 26.26 % from last quarter’s $0.99 EPS. CMA’s profit would be $217.45 million giving it 15.87 P/E if the $1.25 EPS is correct. After having $1.27 EPS previously, Comerica Incorporated’s analysts see -1.57 % EPS growth.

Comerica Incorporated is a financial services company. The company has market cap of $13.80 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 17.99 P/E ratio. The Company’s divisions include the Business Bank, the Retail Bank, Wealth Management, Finance and Other.

More news for Comerica Incorporated (NYSE:CMA) were recently published by: Prnewswire.com, which released: “Muneera S. Carr to be Named Chief Financial Officer of Comerica” on November 08, 2017. Prnewswire.com‘s article titled: “Comerica Directors Declare Dividend” and published on November 07, 2017 is yet another important article.

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