UPDATE: Compass Point Upgrades Comerica from Neutral to Buy

Compass Point has published a research report on Comerica

upgrading the rating on their stock from Neutral to Buy. In the report, Compass Point wrote, "We have historically maintained a positive bias on shares of CMA though the sell-off have given us the opportunity to become more constructive. While many financials screen cheap in the recent sell-off, we believe CMA offers an attractive risk/reward." Compass Point upgraded Comerica from Neutral to BUY with a price target maintained at $37.00. Comerica closed Tuesday at $26.80.