Compass Point Maintains Comerica Neutral, $37 PT (CMA)

Compass Point Research and Trading maintained its Comerica CMA Neutral rating and $37 price target in a research report published today. In the report, Compass Point states, "Earnings beat expectations, but the absence of an increase to guidance, coupled with a 2.6% Q/Q decline in loans and the decision to retain capital for acquisitions are likely to keep shares range bound, in our opinion." Shares of Comerica were trading at $36.43 at the time of posting, up 0.33% from Thursday's market close.