Comerica, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Ben Gerlinger from Citi maintained a Hold rating on the stock and has a $88.00 price target.
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Ben Gerlinger has given his Hold rating due to a combination of factors that point to only limited upside from current levels. He slightly raised his earnings projections, reflecting somewhat better expectations for loan expansion and a modest improvement in net interest margin versus his prior assumptions. In his view, the bank’s core business trajectory looks marginally stronger than before, and he remains comfortable with the risk profile of the credit portfolio.
At the same time, the revised target price of $88, which incorporates a lower assumed beta in his cost-of-equity framework and a somewhat more robust long‑term capital position, implies almost no potential price appreciation from where the shares currently trade. With the expected share price return hovering around zero, he does not see a compelling valuation case to warrant a more bullish stance. As a result, the stock is viewed as fairly valued, supporting the continuation of a Hold recommendation rather than an upgrade or downgrade.
According to TipRanks, Gerlinger is a 5-star analyst with an average return of 15.2% and a 76.69% success rate. Gerlinger covers the Financial sector, focusing on stocks such as Comerica, First Citizens BancShares, and Banc of California.
In another report released on December 19, KBW also maintained a Hold rating on the stock with a $99.00 price target.