JPMorgan analyst Anthony Elian downgraded Comerica (CMA) to Underweight from Neutral with a price target of $52, down from $64, following the Q1 report. The firm finds a challenging outlook ahead for Comerica. It cites the company’s “subpar” growth outlook with the shares “appearing expensive” for the downgrade.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMA: