Comerica Incorporated (NYSE:CMA) : The highest short term price target forecast on Comerica Incorporated (NYSE:CMA) is $50 and the lowest target price is $40. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $44.68 with a standard deviation of $2.76.
Comerica Incorporated has lost 7.53% in the last five trading days and dropped 12.81% in the last 4 weeks. Comerica Incorporated is up 9.7% in the last 3-month period. Year-to-Date the stock performance stands at -0.61%. Also, In a research note released to the investors, Goldman Sachs upgrades its rating on Comerica Incorporated (NYSE:CMA).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Sell by the brokerage firm. In a recent information released to the investors, Goldman Sachs raises the new price target from $42 per share to $49 per share. The rating by the firm was issued on May 19, 2016.
Comerica Incorporated (NYSE:CMA) : 2 brokerage houses believe that Comerica Incorporated (NYSE:CMA) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Comerica Incorporated (NYSE:CMA). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Hold with a rating of 2.89.
Comerica Incorporated (NYSE:CMA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.33 and $39.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.13, notching a gain of 2.95% for the day. The total traded volume was 3,154,693 . The stock had closed at $39.95 on the previous day.
Comerica Incorporated is a financial services company. The Companys 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.