Comerica price target lowered to $76 from $78 at RBC Capital

RBC Capital lowered the firm’s price target on Comerica (CMA) to $76 from $78 but keeps an Outperform rating on the shares after its Q4 earnings miss. The company’s core results reflected a stronger margin and net interest income that offset moderately higher expenses and lower core fees, the analyst tells investors in a research note. RBC adds that it sees the FY25 outlook as reasonable with modest balance sheet growth expectations and continued BSBY tailwinds driving positive net interest income growth, balanced against manageable expense growth, and controlled credit metrics.