CMA To Raise Capital To Redeem TARP

By Monica Gerson
Benzinga Staff Writer
March 09, 2010 9:43 AM

Symbols: CMA

Posted in: Earnings, Short Ideas, Downgrades, Markets, Analyst Ratings, Trading Ideas

Analysts at BMO Capital Markets downgrade Comerica (NYSE: CMA) from "outperform" to "market perform." The target price for CMA is set to $35.

According to BMO Capital Markets, the downgrade in the rating follows Comerica's decision to raise capital worth $800 million in order to redeem TARP.

CMA’s shares closed at $36.29 yesterday. More Analyst Ratings here

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CMA To Raise Capital To Redeem TARP

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