Comerica downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Ryan Nash downgraded Comerica (CMA) to Neutral from Buy with a $71 price target representing 13% upside to shares. When looking out to a more normalized environment, the firm thinks Comerica’s relative improvement in operating metrics will be slower than peers. The bank’s net interest income should have tailwinds in 2025 due to securities repricing and the return of loan growth, but, demand deposit account could remain a headwind in a slower cutting cycle, which will weigh on NII, the analyst tells investors in a research note.