Finally Time For Investors to Buy? Piper Jaffray Upgrades Comerica Inc (NYSE:CMA), With $80.0 Target

September 17, 2017 - By Darrin Black

  Finally Time For Investors to Buy? Piper Jaffray Upgrades Comerica Inc (NYSE:CMA), With $80.0 Target

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.04, from 1.13 in 2016Q3. It improved, as 41 investors sold Comerica Incorporated shares while 145 reduced holdings. 92 funds opened positions while 126 raised stakes. 141.05 million shares or 3.11% more from 136.79 million shares in 2016Q3 were reported.

Valley Natl Advisers Inc holds 73 shares. Zacks Investment owns 0.06% invested in Comerica Incorporated (NYSE:CMA) for 31,822 shares. Gateway Invest Advisers Limited Co holds 0.03% in Comerica Incorporated (NYSE:CMA) or 48,262 shares. Putnam Limited Liability Company holds 0% of its portfolio in Comerica Incorporated (NYSE:CMA) for 3,823 shares. Arga Investment Mngmt Limited Partnership invested in 0.52% or 33,900 shares. Bridgewater Assoc Lp holds 14,700 shares or 0.01% of its portfolio. Parkside Commercial Bank And owns 262 shares for 0.01% of their portfolio. Comml Bank Of Montreal Can, a Ontario – Canada-based fund reported 328,135 shares. Credit Agricole S A reported 345,272 shares. Fjarde Ap holds 0.06% in Comerica Incorporated (NYSE:CMA) or 38,340 shares. Castine Mgmt Ltd Liability Corp accumulated 3.26% or 114,562 shares. Channing Mngmt Lc invested 0.6% of its portfolio in Comerica Incorporated (NYSE:CMA). Janus Ltd Liability Corporation holds 0.04% of its portfolio in Comerica Incorporated (NYSE:CMA) for 755,484 shares. Farr Miller And Washington Ltd Liability Co Dc accumulated 0.02% or 3,278 shares. Hanseatic Mgmt Serv owns 0.02% invested in Comerica Incorporated (NYSE:CMA) for 632 shares.

Since April 28, 2017, it had 0 insider purchases, and 4 sales for $11.28 million activity. RITCHIE MICHAEL T had sold 2,500 shares worth $177,153 on Friday, April 28. FARMER CURTIS C sold $4.56 million worth of Comerica Incorporated (NYSE:CMA) on Friday, April 28. BABB RALPH W JR had sold 83,600 shares worth $5.93 million on Friday, April 28. MICHALAK MICHAEL H sold $619,999 worth of Comerica Incorporated (NYSE:CMA) on Friday, April 28.

Comerica Inc (NYSE:CMA) Stock Upgrade

Piper Jaffray raised shares of Comerica Inc (NYSE:CMA) stock to a solid “Buy” rating. This recent change was sent to investors in a research note today. The financial company after the upgrade has a $80.0 PT on CMA.

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.04, from 1.13 in 2016Q3. It improved, as 41 investors sold Comerica Incorporated shares while 145 reduced holdings. 92 funds opened positions while 126 raised stakes. 141.05 million shares or 3.11% more from 136.79 million shares in 2016Q3 were reported.

Valley Natl Advisers Inc holds 73 shares. Zacks Investment owns 0.06% invested in Comerica Incorporated (NYSE:CMA) for 31,822 shares. Gateway Invest Advisers Limited Co holds 0.03% in Comerica Incorporated (NYSE:CMA) or 48,262 shares. Putnam Limited Liability Company holds 0% of its portfolio in Comerica Incorporated (NYSE:CMA) for 3,823 shares. Arga Investment Mngmt Limited Partnership invested in 0.52% or 33,900 shares. Bridgewater Assoc Lp holds 14,700 shares or 0.01% of its portfolio. Parkside Commercial Bank And owns 262 shares for 0.01% of their portfolio. Comml Bank Of Montreal Can, a Ontario – Canada-based fund reported 328,135 shares. Credit Agricole S A reported 345,272 shares. Fjarde Ap holds 0.06% in Comerica Incorporated (NYSE:CMA) or 38,340 shares. Castine Mgmt Ltd Liability Corp accumulated 3.26% or 114,562 shares. Channing Mngmt Lc invested 0.6% of its portfolio in Comerica Incorporated (NYSE:CMA). Janus Ltd Liability Corporation holds 0.04% of its portfolio in Comerica Incorporated (NYSE:CMA) for 755,484 shares. Farr Miller And Washington Ltd Liability Co Dc accumulated 0.02% or 3,278 shares. Hanseatic Mgmt Serv owns 0.02% invested in Comerica Incorporated (NYSE:CMA) for 632 shares.

Since April 28, 2017, it had 0 insider purchases, and 4 sales for $11.28 million activity. RITCHIE MICHAEL T had sold 2,500 shares worth $177,153 on Friday, April 28. FARMER CURTIS C sold $4.56 million worth of Comerica Incorporated (NYSE:CMA) on Friday, April 28. BABB RALPH W JR had sold 83,600 shares worth $5.93 million on Friday, April 28. MICHALAK MICHAEL H sold $619,999 worth of Comerica Incorporated (NYSE:CMA) on Friday, April 28.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 25 analysts covering Comerica Inc (NYSE:CMA), 11 have Buy rating, 2 Sell and 12 Hold. Therefore 44% are positive. Comerica Inc has $82.0 highest and $34 lowest target. $60.79’s average target is -12.01% below currents $69.09 stock price. Comerica Inc had 81 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Comerica Incorporated (NYSE:CMA) earned “Mkt Perform” rating by FBR Capital on Wednesday, October 19. The rating was maintained by Piper Jaffray on Thursday, December 29 with “Neutral”. RBC Capital Markets maintained the shares of CMA in report on Wednesday, July 20 with “Outperform” rating. The company was upgraded on Thursday, May 19 by Goldman Sachs. The firm earned “Buy” rating on Friday, September 16 by Goldman Sachs. Wells Fargo downgraded the shares of CMA in report on Friday, May 13 to “Underperform” rating. The stock of Comerica Incorporated (NYSE:CMA) earned “Underweight” rating by Barclays Capital on Thursday, September 15. As per Wednesday, April 5, the company rating was maintained by RBC Capital Markets. The stock of Comerica Incorporated (NYSE:CMA) earned “Neutral” rating by Piper Jaffray on Monday, December 28. FBR Capital maintained it with “Outperform” rating and $50 target in Wednesday, July 20 report.

The stock increased 1.33% or $0.91 on September 15, reaching $69.09. About 2.82M shares traded or 77.36% up from the average. Comerica Incorporated (NYSE:CMA) has risen 54.07% since September 17, 2016 and is uptrending. It has outperformed by 37.37% the S&P500.

Wall Street await Comerica Incorporated (NYSE:CMA) to release earnings on October, 17 before the open. Analysts forecast EPS of $1.16, up exactly $0.24 or 26.09 % from 2014’s $0.92 EPS. The expected CMA’s profit could reach $203.99M giving the stock 14.89 P/E in the case that $1.16 earnings per share is reported. After posting $1.15 EPS for the previous quarter, Comerica Incorporated’s analysts now forecast 0.87 % EPS growth.

Comerica Incorporated is a financial services company. The company has market cap of $12.15 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 17.33 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: “Comerica to Close Florida Banking Centers in Wake of Hurricane Irma” on September 06, 2017. Prnewswire.com‘s article titled: “Comerica’s Monica L. Martinez Named Among Nation’s Most Influential Latino Leaders” and published on September 06, 2017 is yet another important article.

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