These Analysts Revise Their Forecasts On Comerica After Q2 Results

Author: Avi Kapoor | July 22, 2024 09:34am

Comerica Incorporated (NYSE:CMA) posted better-than-expected quarterly results on Friday.

Comerica reported quarterly earnings of $1.53 per share which beat the analyst consensus estimate of $1.19 per share. The company reported quarterly sales of $824.000 million which beat the analyst consensus estimate of $813.472 million, according to data from Benzinga Pro.

Comerica shares closed at $50.42 on Friday.

These analysts made changes to their price targets on Comerica following the announcement.

• Truist Securities analyst Brandon King downgraded Comerica from Buy to Hold and slashed the price target from $55 to $53.
• Barclays analyst Jason Goldberg maintained the stock with an Underweight rating and cut the price target from $59 to $56.
• Piper Sandler analyst Scott Siefers maintained Comerica with a Neutral rating and increased the price target from $51 to $52.

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Posted In: CMA