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

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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
Jan 2017CitigroupDowngradesNeutralSell
Jan 2017JP MorganUpgradesNeutralOverweight
Dec 2016Bank of AmericaUpgradesUnderperformNeutral

View More Analyst Ratings for CMA
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Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

 

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