Keefe, Bruyette & Woods Lowers Price Target On Comerica As Energy Loans Perform Well In 4Q
In a report published Tuesday, Keefe, Bruyette & Woods analyst Brian Klock reiterated a Market Perform rating on Comerica Incorporated (NYSE: CMA), but lowered the price target from $50.00 to $47.00.
In the report, Keefe, Bruyette & Woods noted, “We have lowered our '15 EPS estimate by 5c to $2.98, largely to reflect the updated KBW economic baseline & to incorporate guidance. We lowered our '16 estimate 12c to $3.53 due to an expectation of lower NII. With the decrease in cash flows, we lowered our target price $3 to $47. Given the overhang from Energy & low rates, we maintain our Market Perform rating.”
CMA closed on Friday at $41.47.
Latest Ratings for CMA
|Oct 2016||Deutsche Bank||Maintains||Hold|
|Oct 2016||FBR Capital||Downgrades||Outperform||Market Perform|
|Oct 2016||Wedbush||Initiates Coverage on||Neutral|
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