In a report published on Monday, J.P. Morgan analyst Steven Alexopoulos raised the price target on Comerica CMA from $38 to $41 and maintained a stock rating of overweight.
In the report, J.P. Morgan noted, "Given the modestly better economic trends as well as the improved outlook for rates implied by the steepening curve, which each justify an improved valuation, we are taking our December 2013 price target from $38 to $41."
Comerica closed on Monday $39.75 and is currently trading down 0.25 percent since market open hours.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in