UPDATE: Wunderlich Securities Reiterates Comerica Buy, Raises PT

Wunderlich Securities reiterated its Comerica

Buy rating and raised its company price target from $34 to $37 in a research report published today. In the report, Wunderlich Securities stated, "With one of the strongest balance sheets of any regional bank in the U.S., CMA shares trade at a modest, but unwarranted, discount to regional bank peers, hence our Buy recommendation." Shares of Comerica closed today at $31.95, up 3.53% from Monday's market close.