Comerica Shows Signs Of Better 2011 (CMA)

KBW analysts raised estimates for Comerica Inc. (NYSE: CMA) after meeting with management in Texas. The target price for Comerica is $38.00, and KBW currently rates the stock at Market Perform.

“We came away with a positive view of continued improvement in its asset quality, and possibility for NIM expansion,” the analysts said. Comerica’s 2011 estimates by KBW were raised from $0.05 to $1.90.

In regards to the industry, KBW stated, “We remain cautious in our outlook for large cap banks due to the slowing global economy, rising unemployment and expectations for continued credit headwinds."