Were Analysts Bearish Comerica Incorporated (NYSE:CMA) This Week?

Comerica Incorporated (NYSE:CMA) Logo
Investors sentiment increased to 1.12 in Q1 2019. Its up 0.22, from 0.9 in 2018Q4. It increased, as 32 investors sold Comerica Incorporated shares while 167 reduced holdings. 73 funds opened positions while 149 raised stakes. 123.21 million shares or 4.56% less from 129.09 million shares in 2018Q4 were reported.
A D Beadell Investment Counsel holds 0.37% of its portfolio in Comerica Incorporated (NYSE:CMA) for 5,625 shares. Ledyard Bancshares has invested 0.23% in Comerica Incorporated (NYSE:CMA). Pitcairn Comm reported 0.03% of its portfolio in Comerica Incorporated (NYSE:CMA). Robeco Institutional Asset Mgmt Bv holds 0.05% of its portfolio in Comerica Incorporated (NYSE:CMA) for 197,342 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems, Pennsylvania-based fund reported 9,296 shares. Alps Advisors Incorporated invested in 14,938 shares or 0.01% of the stock. Ubs Asset Mgmt Americas accumulated 985,431 shares or 0% of the stock. Quantres Asset Management holds 0.66% or 12,400 shares in its portfolio. Bokf Na invested in 0.05% or 27,909 shares. Westpac Corp accumulated 12,720 shares. Pathstone Family Office Ltd Limited Liability Company has invested 0% in Comerica Incorporated (NYSE:CMA). Stephens Ar stated it has 50,469 shares or 0.09% of all its holdings. Caxton Assoc L P holds 0.06% of its portfolio in Comerica Incorporated (NYSE:CMA) for 5,278 shares. 1,033 are held by Brown Brothers Harriman And Company. Retail Bank Of Nova Scotia holds 102,757 shares or 0.03% of its portfolio.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 7 analysts covering Comerica (NYSE:CMA), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Comerica has $93 highest and $6700 lowest target. $81.33’s average target is 37.22% above currents $59.27 stock price. Comerica had 17 analyst reports since March 6, 2019 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, April 4. The stock of Comerica Incorporated (NYSE:CMA) earned “In-Line” rating by Evercore on Thursday, July 18. The company was downgraded on Thursday, April 4 by JP Morgan. The firm has “Outperform” rating given on Wednesday, April 17 by Raymond James. Bank of America maintained Comerica Incorporated (NYSE:CMA) rating on Tuesday, March 12. Bank of America has “Buy” rating and $93 target. FBR Capital maintained the shares of CMA in report on Tuesday, March 26 with “Neutral” rating. The company was maintained on Wednesday, April 17 by DA Davidson. On Wednesday, April 17 the stock rating was downgraded by Jefferies to “Hold”. The stock has “Neutral” rating by UBS on Monday, August 5. Below is a list of Comerica Incorporated (NYSE:CMA) latest ratings and price target changes.

05/08/2019 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $100.0000 New Target: $73.0000 Downgrade
18/07/2019 Broker: Evercore Old Rating: Outperform New Rating: In-Line Old Target: $78.0000 New Target: $67.0000 Downgrade
12/07/2019 Broker: Citigroup Old Rating: Neutral New Rating: Sell Downgrade
08/07/2019 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
02/07/2019 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Downgrade
27/04/2019 Broker: BidaskScore Rating: Sell Downgrade
17/04/2019 Broker: DA Davidson Old Rating: Neutral New Rating: Neutral Old Target: $87 New Target: $85 Maintain
17/04/2019 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform New Target: $87 Downgrade
17/04/2019 Broker: Jefferies Old Rating: Buy New Rating: Hold New Target: $84 Downgrade
04/04/2019 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Old Target: $89 New Target: $84 Downgrade

The stock decreased 0.84% or $0.5 during the last trading session, reaching $59.27. About 1.89M shares traded. Comerica Incorporated (NYSE:CMA) has declined 24.24% since August 16, 2018 and is downtrending. It has underperformed by 24.24% the S&P500.

Comerica Incorporated, through its subsidiaries, provides various financial services and products. The company has market cap of $8.85 billion. The firm operates through three divisions: Business Bank, Retail Bank, and Wealth Management. It has a 7.61 P/E ratio. The Business Bank segment offers various services and products, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational firms, and governmental entities.

More notable recent Comerica Incorporated (NYSE:CMA) news were published by: Prnewswire.com which released: “Comerica’s Latest Corporate Responsibility Report Demonstrates Progress on Environmental and Social Issues – PRNewswire” on August 05, 2019, also Finance.Yahoo.com with their article: “How Does Comerica Incorporated (NYSE:CMA) Fare As A Dividend Stock? – Yahoo Finance” published on June 02, 2019, Finance.Yahoo.com published: “Does Comerica Incorporated’s (NYSE:CMA) P/E Ratio Signal A Buying Opportunity? – Yahoo Finance” on July 25, 2019. More interesting news about Comerica Incorporated (NYSE:CMA) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Thursday – Benzinga” published on July 18, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Tech Earnings Seize Spotlight Amid Rate Debate – Seeking Alpha” with publication date: July 20, 2019.

Comerica Incorporated (NYSE:CMA) Institutional Positions Chart

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