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Comerica Inc has a consensus price target of $55.13 based on the ratings of 26 analysts. The high is $68 issued by Baird on June 20, 2024. The low is $43 issued by Truist Securities on October 23, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Morgan Stanley, and RBC Capital on August 5, 2024, July 22, 2024, and July 22, 2024, respectively. With an average price target of $55.67 between Morgan Stanley, Morgan Stanley, and RBC Capital, there's an implied -3.15% downside for Comerica Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Comerica (NYSE:CMA) was reported by Morgan Stanley on August 5, 2024. The analyst firm set a price target for $61.00 expecting CMA to rise to within 12 months (a possible 6.12% upside). 64 analyst firms have reported ratings in the last year.
The latest analyst rating for Comerica (NYSE:CMA) was provided by Morgan Stanley, and Comerica maintained their equal-weight rating.
The last upgrade for Comerica Inc happened on July 2, 2024 when Raymond James raised their price target to $60. Raymond James previously had a market perform for Comerica Inc.
The last downgrade for Comerica Inc happened on July 22, 2024 when Truist Securities changed their price target from $55 to $53 for Comerica Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Comerica, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Comerica was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Comerica (CMA) rating was a maintained with a price target of $50.00 to $61.00. The current price Comerica (CMA) is trading at is $57.48, which is within the analyst’s predicted range.
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