In a recent update, JP Morgan analyst Anthony Elian has maintained the "Underweight" rating for Comerica (CMA, Financial). Despite holding the current rating steady, there has been a significant adjustment in the price target for the stock.
The analyst has raised the price target for Comerica (CMA, Financial) from a previous target of USD 52.00 to a new target of USD 60.00. This update marks a 15.38% increase in the price target, signaling a notable shift in the analyst's outlook on the stock's potential valuation over the coming months.
Despite the adjusted price target, the rating remains unchanged as "Underweight," indicating cautious sentiment from JP Morgan with respect to Comerica's (CMA, Financial) immediate market prospects. Investors are advised to consider these insights when making decisions regarding Comerica (CMA) stock.
For further updates and in-depth reports on Comerica (CMA, Financial), keep following the latest analyst ratings and financial news.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Comerica Inc (CMA, Financial) is $59.86 with a high estimate of $75.00 and a low estimate of $47.00. The average target implies an downside of 2.60% from the current price of $61.46. More detailed estimate data can be found on the Comerica Inc (CMA) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Comerica Inc's (CMA, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Comerica Inc (CMA, Financial) in one year is $57.02, suggesting a downside of 7.22% from the current price of $61.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Comerica Inc (CMA) Summary page.
