UPDATE: Sterne Agee Lowers Price Target On Comerica To $35

According to Sterne Agee, Comerica SFD price target is lowered to $35. Sterne Agee said that last week it anticipated some volatility in CMA shares as investors adjusted to the “new paradigm” of pervasively low interest rates and slow growth impacting names better suited for stronger economic growth. “We are trimming our FY12E by $0.18 to $2.22 per share and our FY13E by $0.76 to $2.68 per share.” Comerica closed yesterday at $25.34.