Analysts have been eager to weigh in on the Financial sector with new ratings on Bank of America (NYSE:BAC) and Comerica Inc (NYSE:CMA).
Bank of America (BAC)
BMO Capital analyst James Fotheringham maintained a Hold rating on Bank of America on October 16 and set a price target of $36. The company’s shares closed yesterday at $28.90.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 14.9% and a 75.2% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Oaktree Specialty Lending Corporation, Focus Financial Partners Inc, and Corporate Capital Trust Inc.
Currently, the analyst consensus on Bank of America is a Strong Buy with an average price target of $36.17.
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Comerica Inc (CMA)
In a report released yesterday, Lana Chan from BMO Capital maintained a Buy rating on Comerica Inc, with a price target of $100. The company’s shares closed yesterday at $85.08.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 10.6% and a 62.4% success rate. Chan covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Boston Private Fin, and Signature Bank.
Comerica Inc has an analyst consensus of Moderate Buy, with a price target consensus of $102.62, representing a 20.6% upside. In a report issued on October 9, Vining Sparks also maintained a Buy rating on the stock with a $107 price target.
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