After Jefferies and RBC Capital assigned a Buy rating to Comerica Inc in the last month, the company received another Buy, this time from KBW. Analyst Brian Klock reiterated a Buy rating on Comerica Inc (NYSE: CMA) yesterday and set a price target of $73. The company’s shares closed yesterday at $68.36.
According to TipRanks.com, Klock is a 4-star analyst with an average return of 12.0% and a 63.6% success rate. Klock covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, First Bancorp Puerto Rico, and Huntington Bancshares Inc.
Currently, the analyst consensus on Comerica Inc is Moderate Buy and the average price target is $75.86, representing a 11.0% upside.
In a report issued on May 5, Jefferies also reiterated a Buy rating on the stock with a $81 price target.
The company has a one year high of $75 and a one year low of $36.82. Currently, Comerica Inc has an average volume of 1.71M.
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Comerica, Inc. operates as a financial services company. It operates through the following business segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment engages in the middle market businesses, multinational corporations, and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, which consist of consumer lending, consumer deposit gathering, and mortgage loan origination. The Wealth Management segment deals with the fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The company was founded in 1973 and is headquartered in Dallas, TX.