Comerica price target lowered to $67 from $71 at DA Davidson

DA Davidson lowered the firm’s price target on Comerica (CMA) to $67 from $71 and keeps a Neutral rating on the shares after its Q4 earnings miss. The firm points to the company’s core expenses and provision for loan loss rising above its expected levels, the analyst tells investors in a research note. DA Davidson adds that it sees Comerica earnings falling 8% in 2025, overshadowing the bank’s strong credit trends and significant interest bearing deposit down betas at 66%.