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In a report published Monday, Wunderlich Securities analyst Kevin B. Reynolds reiterated a Buy rating and $65.00 price target on
ComericaCMA.
In the report, Wunderlich Securities noted, “We maintain our Buy rating on shares of Comerica Inc. as well as our price target of $65. We are maintaining our 2014 earnings per share estimate of $3.15, as well as our 2015 EPS estimate of $3.40. Our 12-18 month price target of $65.00 equates to 19 times our 2015 EPS estimate, which is a premium to the median for Regional Bank peers (see Appendix, Figure 54) that reflects much of the benefit that CMA would likely enjoy should short-term interest rates rise over the next 12 to 18 months.”
Comerica closed on Friday at $42.65.
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