Piper Jaffray Has Decided To Upgrade Comerica Inc (NYSE:CMA) Shares

September 17, 2017 - By Migdalia James

  Piper Jaffray Has Decided To Upgrade Comerica Inc (NYSE:CMA) Shares

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.04, from 1.13 in 2016Q3. It improved, as 41 investors sold Comerica Incorporated shares while 145 reduced holdings. 92 funds opened positions while 126 raised stakes. 141.05 million shares or 3.11% more from 136.79 million shares in 2016Q3 were reported.

144,310 were accumulated by Comerica Comml Bank. Crow Point Partners Ltd Com accumulated 468 shares or 0.01% of the stock. Comml Bank Of America Corporation De accumulated 808,599 shares or 0.01% of the stock. Crestpoint Ltd Liability Com invested 0.29% of its portfolio in Comerica Incorporated (NYSE:CMA). Verition Fund Management reported 20,562 shares stake. 9,538 are owned by Huntington Comml Bank. Mutual Of America Capital Limited Co holds 0.03% of its portfolio in Comerica Incorporated (NYSE:CMA) for 20,234 shares. Employees Retirement Association Of Colorado holds 35,161 shares. Blue Chip Partners Incorporated invested in 5,624 shares or 0.15% of the stock. California Employees Retirement, California-based fund reported 489,264 shares. Kcg Hldg reported 42,069 shares. Tower Bridge Advsr has invested 0% in Comerica Incorporated (NYSE:CMA). Everence Management holds 0.09% or 4,494 shares. Amp Investors Ltd reported 0.06% stake. Pnc Fincl Serv Group Inc Inc holds 0% of its portfolio in Comerica Incorporated (NYSE:CMA) for 22,404 shares.

Since April 28, 2017, it had 0 buys, and 4 selling transactions for $11.28 million activity. BABB RALPH W JR sold 83,600 shares worth $5.93 million. 64,250 shares were sold by FARMER CURTIS C, worth $4.56 million. 8,757 shares were sold by MICHALAK MICHAEL H, worth $619,999 on Friday, April 28. RITCHIE MICHAEL T sold 2,500 shares worth $177,153.

Comerica Inc (NYSE:CMA) Stock Upgrade

Piper Jaffray increased shares of Comerica Inc (NYSE:CMA) stock to a solid “Buy” rating. This recent change was released in a note today. The company currently has a $80.0 target price per share on CMA.

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.04, from 1.13 in 2016Q3. It improved, as 41 investors sold Comerica Incorporated shares while 145 reduced holdings. 92 funds opened positions while 126 raised stakes. 141.05 million shares or 3.11% more from 136.79 million shares in 2016Q3 were reported.

144,310 were accumulated by Comerica Comml Bank. Crow Point Partners Ltd Com accumulated 468 shares or 0.01% of the stock. Comml Bank Of America Corporation De accumulated 808,599 shares or 0.01% of the stock. Crestpoint Ltd Liability Com invested 0.29% of its portfolio in Comerica Incorporated (NYSE:CMA). Verition Fund Management reported 20,562 shares stake. 9,538 are owned by Huntington Comml Bank. Mutual Of America Capital Limited Co holds 0.03% of its portfolio in Comerica Incorporated (NYSE:CMA) for 20,234 shares. Employees Retirement Association Of Colorado holds 35,161 shares. Blue Chip Partners Incorporated invested in 5,624 shares or 0.15% of the stock. California Employees Retirement, California-based fund reported 489,264 shares. Kcg Hldg reported 42,069 shares. Tower Bridge Advsr has invested 0% in Comerica Incorporated (NYSE:CMA). Everence Management holds 0.09% or 4,494 shares. Amp Investors Ltd reported 0.06% stake. Pnc Fincl Serv Group Inc Inc holds 0% of its portfolio in Comerica Incorporated (NYSE:CMA) for 22,404 shares.

Since April 28, 2017, it had 0 buys, and 4 selling transactions for $11.28 million activity. BABB RALPH W JR sold 83,600 shares worth $5.93 million. 64,250 shares were sold by FARMER CURTIS C, worth $4.56 million. 8,757 shares were sold by MICHALAK MICHAEL H, worth $619,999 on Friday, April 28. RITCHIE MICHAEL T sold 2,500 shares worth $177,153.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 25 analysts covering Comerica Inc (NYSE:CMA), 11 have Buy rating, 2 Sell and 12 Hold. Therefore 44% are positive. Comerica Inc has $82.0 highest and $34 lowest target. $60.79’s average target is -12.01% below currents $69.09 stock price. Comerica Inc had 81 analyst reports since July 20, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Bank of America on Wednesday, June 29. The company was maintained on Monday, September 11 by BMO Capital Markets. FBR Capital maintained the shares of CMA in report on Wednesday, October 19 with “Mkt Perform” rating. The firm has “Neutral” rating given on Thursday, April 21 by Bank of America. The stock has “Hold” rating by BMO Capital Markets on Tuesday, July 18. The stock has “Buy” rating by Stephens on Tuesday, July 18. The stock has “Neutral” rating by Goldman Sachs on Thursday, May 19. On Monday, November 28 the stock rating was upgraded by Jefferies to “Buy”. Wood maintained Comerica Incorporated (NYSE:CMA) rating on Wednesday, April 20. Wood has “Market Perform” rating and $42 target. The firm earned “Neutral” rating on Monday, August 24 by Robert W. Baird.

The stock increased 1.33% or $0.91 on September 15, reaching $69.09. About 2.82 million shares traded or 77.36% up from the average. Comerica Incorporated (NYSE:CMA) has risen 54.07% since September 17, 2016 and is uptrending. It has outperformed by 37.37% the S&P500.

Wall Street await Comerica Incorporated (NYSE:CMA) to release earnings on October, 17 before the open. Analysts forecast EPS of $1.16, up exactly $0.24 or 26.09 % from 2014’s $0.92 EPS. The expected CMA’s profit could reach $203.99 million giving the stock 14.89 P/E in the case that $1.16 earnings per share is reported. After posting $1.15 EPS for the previous quarter, Comerica Incorporated’s analysts now forecast 0.87 % EPS growth.

Comerica Incorporated is a financial services company. The company has market cap of $12.15 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 17.33 P/E ratio. The Company’s divisions include the Business Bank, the Retail Bank, Wealth Management, Finance and Other.

More news for Comerica Incorporated (NYSE:CMA) were recently published by: Prnewswire.com, which released: “Comerica’s Monica L. Martinez Named Among Nation’s Most Influential Latino Leaders” on September 06, 2017. Prnewswire.com‘s article titled: “Comerica to Close Florida Banking Centers in Wake of Hurricane Irma” and published on September 06, 2017 is yet another important article.

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