Goldman Sachs Upgrades Comerica Incorporated to Buy

Brokerage firm Goldman Sachs Upgrades its rating on Comerica Incorporated(NYSE:CMA). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Sep 16, 2016.

In a different note, On Sep 15, 2016, Barclays said it Maintains its rating on Comerica Incorporated. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Underweight’ by the firm. On Sep 6, 2016, CLSA said it Maintains its rating on Comerica Incorporated. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 1, 2016, Morgan Stanley said it Maintains its rating on Comerica Incorporated. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on Comerica Incorporated. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 8, 2016, Wells Fargo said it Upgrades its rating on Comerica Incorporated. The shares have been rated ‘Market Perform’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on Comerica Incorporated. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm.

Comerica Incorporated (CMA) made into the market gainers list on Thursdays trading session with the shares advancing 0.49% or 0.23 points. Due to strong positive momentum, the stock ended at $46.74, which is also near the day’s high of $46.89. The stock began the session at $46.73 and the volume stood at 9,90,645 shares. The 52-week high of the shares is $47.7 and the 52 week low is $30.48. The company has a current market capitalization of $8,128 M and it has 17,39,02,570 shares in outstanding.

Comerica Incorporated(CMA) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $714.00M. Analysts had an estimated revenue of $715.35M. Earnings per share were $0.77. Analysts had estimated an EPS of $0.69.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Paul R Obermeyer (Executive Vice President) sold 2,302 shares at $45.92 per share price.Also, On Mar 4, 2016, Peter L Sefzik (Executive Vice President) sold 2,500 shares at $35.43 per share price.On Nov 10, 2015, Jacqueline P Kane (director) purchased 256 shares at $46.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank the Retail Bank and Wealth Management. In addition it also operates in the Finance segment. The Business Bank segment offers commercial loans and lines of credit deposits cash management capital market products international trade finance letters of credit foreign exchange management services and loan syndication services. The Retail Bank segment offers deposit accounts installment loans credit cards student loans home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services private banking retirement services investment management and advisory services investment banking and brokerage services. The Finance segment includes its securities portfolio and asset and liability management activities.

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