UPDATE: J.P. Morgan Raises Price Target On Comerica on Improved Economic Data

In a report published on Monday, J.P. Morgan analyst Steven Alexopoulos raised the price target on

from $38 to $41 and maintained a stock rating of overweight. In the report, J.P. Morgan noted, "Given the modestly better economic trends as well as the improved outlook for rates implied by the steepening curve, which each justify an improved valuation, we are taking our December 2013 price target from $38 to $41." Comerica closed on Monday $39.75 and is currently trading down 0.25 percent since market open hours.