Market Overview

UPDATE: Stifel Nicolaus Downgrades Comerica to Sell on Premium Valuation, Low ROA

Share:
Related CMA
Comerica Q1 Earnings Meet Views
10 Must Watch Stocks for Today
After The Bounce, Comerica Should Be Sold (Seeking Alpha)

Stifel Nicolaus downgraded Comerica (NYSE: CMA) from Hold to Sell.

Stifel Nicolaus commented, "The shares are trading at a 25% premium to the rest of our large cap bank coverage universe despite having one of the lowest projected ROAs. With approximately 72% of the company's earning assets tied to the short-end of the yield curve (not the long end), we believe the market is way ahead of itself in assuming just how much the company benefits from the recent rise in long-term interest rates."

Comerica closed at $35.77 on Friday.

Latest Ratings for CMA

DateFirmActionFromTo
Apr 2015WunderlichMaintainsBuy
Apr 2015JP MorganMaintainsOverweight
Apr 2015FBR CapitalMaintainsMarket Perform

View More Analyst Ratings for CMA
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

 

Related Articles (CMA)

Around the Web, We're Loving...

Get Benzinga's Newsletters