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UPDATE: Stifel Nicolaus Upgrades Comerica to Hold Following Q3 Results

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Comerica Hikes Dividend By 4.5%, Board Authorizes More For Repurchase Program
Earnings Scheduled For July 19, 2016
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Stifel Nicolaus raised its rating on Comerica (NYSE: CMA) from Sell to Hold.

Stifel Nicolaus noted, "Based on the company's 3Q12 results reported on Wednesday, which were in line with our below consensus expectations, we are maintaining our 2012 and 2013 EPS estimates of $2.61 and $2.60, respectively. However, we are upgrading the shares to Hold from Sell due to their recent underperformance against the banking sector and the broader market. Since mid-September CMA shares are down 8.5% versus a 2.8% decrease in the S&P Bank Index and 0% return in the S&P 500."

Comerica closed at $30.30 on Wednesday.

Latest Ratings for CMA

DateFirmActionFromTo
Jul 2016CitigroupMaintainsNeutral
Jul 2016Wells FargoUpgradesUnderperformMarket Perform
Jul 2016JP MorganMaintainsNeutral

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